A – Overview The significant threats posed to the world by terrorism are reflected in the increasingly onerous obligations placed upon banks requiring, amongst other things, a high degree of scrutiny of the activity on customer accounts to avoid breaching any sanctions regime in place. A failure to take required steps can amount to a […]

On 19 June 2015 the High Court handed down its judgment in Elaine Hmicho v Barclays Bank PLC [2015] EWHC 1757 (QB). This is an important judgment for all financial institutions to be aware of as it provides useful guidance in relation to the concepts of ownership and control in the context of international sanctions. […]