Money Laundering - Bank Escape Route?
Abou-Rahmah v Abacha
[2006] EWCA Civ 1492
CA
8 November 2006
Daily Law Notes Summary
Where a bank made payments on behalf of clients to persons
suspected of involvement in money laundering, the bank was not
disentitled from relying on the defence of change of position on
a claim for restitution in relation to those payments if the bank
had not been aware that they formed part of a money laundering
scheme.