Monday 6th February 2023
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Comsure operates in:the UK, Jersey, Guernsey

No breach of contract for freezing bank accounts where there is a genuinely held suspicion of money laundering

In Parvizi v Barclays Bank Plc (2014), the High Court struck out a claim in contract and held that Barclays was not in breach of that contract in freezing a customer’s accounts and denying him access to his funds.  The evidence established a clear belief by the bank of a relevant suspicion of money laundering […]

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Iraj Parvizi v Barclays Bank – SARS – Anti-Money Laundering Case Update

SARS tested in court – Iraj Parvizi v Barclays Bank The recent case of Iraj Parvizi v Barclays Bank [2014] EWHC B2 (QB) was heard in the High Court on 21 May 2014. Key themes considered in the case were the Proceeds of Crime Act 2002 (“the Act”) and the meaning of suspicion giving rise […]

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