[2004] EWHC 1529 (Comm)

A transfer of funds by CHAPS credited to the claimant's account with the defendant bank had created a debt due from the bank to the claimant and the bank had not been entitled to retransfer those funds to the tranferor by reason of its suspicion that the funds were proceeds of fraud or for the purpose of money laundering.

QBD (Comm) (Colman J)

05/07/2004