English Court of Appeal’s decision highlights statutory route of disclosure to be taken by bank when money laundering is suspected

Andy Yeo is the author. This was first published in the Allen & Gledhill Legal Bulletin (Volume 18, Number 8, August 2006).

K Ltd v National Westminster Bank Plc, [2006] EWCA Civ 1039

The facts of the present case highlight the statutory route of disclosure that should be taken by a financial institution when it knows or has reasonable grounds to believe that a customer’s account is or will be used for money laundering.