Bank’s overdraft charges upheld – BBC News

Posted May 15th, 2007 in banking, news by sally

“Lloyds TSB has become the first bank to win a court case after being sued by a customer for imposing supposedly unfair overdraft penalty charges.” 

Full story

BBC News, 15th May 2007

Source: www.bbc.co.uk

Regina (UMBS Online Ltd) v Serious Organised Crime Agency and Another – Times Law Reports

Posted May 15th, 2007 in banking, law reports, money laundering by sally

Customer entitled to seek review

Regina (UMBS Online Ltd.) v. Serious Organised Crime Agency and Another

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

Source: www.timesonline.co.uk

Please note the Times Law Reports are only available free on Times Online for 21 days from the date of publication.

R (UMBS Online Ltd.) v. Serious Organised Crime Agency and another – WLR Daily

Posted May 4th, 2007 in banking, law reports, proceeds of crime by sally

R (UMBS Online Ltd.) v. Serious Organised Crime Agency and another 

“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

Source: www.lawreports.co.uk

Please note once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed.

Judge attacks ‘time-wasting’ bank – BBC News

Posted April 27th, 2007 in banking, costs, news by sally

“A judge has ordered Lloyds TSB to pay the costs of a customer who sued for the return of overdraft fees, because the bank had wasted the court’s time.” 

Full story

BBC News, 27th April 2007

Source: www.bbc.co.uk

NatWest pays businessman £36,000 over unfair bank charges – The Guardian

Posted April 18th, 2007 in banking, news by sally

“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.”

Full story

The Guardian, 17th April 2007

Source: www.guardian.co.uk

Tax evaders to win partial amnesty – Financial Times

Posted April 16th, 2007 in banking, news, tax avoidance by sally

“A partial amnesty for hundreds of thousands of tax evaders who hide money abroad will be announced this week, in a move expected to bring more than a billion pounds into the Treasury’s coffers.”

Full story

Financial Times, 16th April 2007

Source: www.ft.com

One man’s legal fight for justice over bank fees – The Independent

Posted April 16th, 2007 in banking, news by sally

“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.”

Full story

The Independent, 14th April 2007

Source: www.independent.co.uk

The ‘Supercase’ – Problems and Solutions: Reflections on BCCI and Equitable Life, by Sir Anthony Clarke, Master of the Rolls

The Supercase – Problems and Solutions: Reflections on BCCI and Equitable Life (PDF)

Speech by Sir Anthony Clarke, Master of the Rolls

KPMG Forensic’s Annual Law Lecture 2007

Source: www.judiciary.gov.uk