Questions we Can Help you to Answer

Paper Instructions:

“If a financial institution is told that one of its customers is under suspicion for money-laundering and that sums it holds on the customer's behalf may be the proceeds of crime, what can the bank do? [The Bank] may commit a criminal offence if it pays or if it refuses to pay. It is unthinkable that our law should put an honest institution in such a position.”                                                                  

Per Laddie J [at 62] in Bank of Scotland v A Ltd v The Serious Fraud Office Interested Party [2001] C.P. Rep. 14 

Critically  evaluate  how  the  obligations  imposed  by  Money  Laundering  provisions  in  the UK impact upon the relationship of financial institutions with their customers.  

Word Limit: 1500 words excluding footnotes and bibliography.