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ARTICLE · 20 JANUARY 2011

Recent Developments In Money Laundering

Corker Binning
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There have been two cases of significant interest to practitioners in the field of criminal litigation and money laundering compliance in 2010.

United KingdomGovernment, Public Sector
Peter Binning
Peter Binning
Charles Elton
Charles Elton

This article first appeared in Money Laundering Bulletin, December 2010

There have been two cases of significant interest to practitioners in the field of criminal litigation and money laundering compliance in 2010. The first, in February, was the case of Shah v HSBC Private Bank (UK) about the remedies available to a customer faced with a bank failing to carry out instructions and the second, in July, was the case of R v Geary, in which the Court of Appeal gave some useful guidance on the interpretation "criminal property" for the purposes of "arrangements" under section 328 of the Proceeds of Crime Act 2002 (POCA).

Defining the scope of 'criminal property' for the purposes of Part 7 of POCA 2002

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