Customer entitled to seek review
Court of Appeal
“The Serious Organised Crime Agency, a powerful statutory body whose decisions could imperil private and business banking activity on no more than a reported suspicion of money-laundering, should not withhold giving consent to a bank to allow it to operate a customer’s account under section 335 of the Proceeds of Crime Act 2002 without good reason.”
The Times, 15th May 2007
Please note the Times Law Reports are only available free on Times Online for 21 days from the date of publication.
“The Serious Organised Crime Agency (SOCA) was a powerful statutory body whose decisions could imperil private and business banking activity on no more than a reported suspicion of money-laundering. However it should not withhold consent to a bank to allow it to operate a customer’s account under s 335 of the Proceeds of Crime Act 2002 without good reason. It had an obligation to keep matters under review and its refusal of a bank customer’s request to revisit the matter was unlawful.”
WLR Daily, 2nd May 2007
Please note once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed.
“A businessman is celebrating a record £36,000 payout after he complained to NatWest about unfair bank penalty charges. It is thought to be the largest sum refunded to an individual customer since the start of the consumer revolt over bank and credit card charges.”
The Guardian, 17th April 2007
“He is the ultimate bank rebel. After months of controversy, Britain’s banks face a landmark court challenge over charges as a result of a one-man campaign waged by a barrister who is risking his professional career to prove they are acting illegally.”
The Independent, 14th April 2007
Speech by Sir Anthony Clarke, Master of the Rolls
KPMG Forensic’s Annual Law Lecture 2007