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3 Lender Liability for Money Laundering and Breach of Data Protection Legislation

From: Principles of Lender Liability

Parker Hood

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2023. All Rights Reserved.date: 22 May 2024

3.01 This chapter deals with two specific areas connected with the lender’s obligation of secrecy regarding its customer: (i) money laundering, and (ii) data protection. Given the importance of these topics in their own right, it was decided that they merited separate treatment, rather than being part of the chapter on Confidentiality.1 3.02 With regard to money laundering, this is dealt with in four main pieces of legislation: (i) Part 7 of the Proceeds of Crime Act 2002 (POCA); (ii) the Money Laundering Regulations 2007;2 (iii) the Terrorism Act 2000 (TA 2000);3...
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