UK

A CHAPS payment is as good as cash – it is official

Jeremy Gordon, partner in Farrer & Company’s disputes team, represented Dr Tayeb, assisted by barristers Nicholas Elliott QC and Michael Lazarus from 3 Verulam Buildings.

Jeremy Gordon sets out the implications of a recent landmark decision in a case of “great importance” in relation to Clearing House Automated Payment System (CHAPS) electronic money transfers and money laundering, heard in the Commercial Court.