Financial Institutions

Financial institutions are regulated by a plethora of laws and shall seek criminal support, for example, in cases where a corporate customer, a member of its management or a representative of the customer is the subject of an investigation by a law enforcement agency or regulatory body.

Financial Institutions must also consider any obligations they might have to report suspicions of money laundering (including any successful fraud). Consideration should also be given to obtaining appropriate legal advice to reduce the risk, that customers transfer or move fraudulent funds, or use the bank to illegally, transfer or dispose of assets, including money or other negotiable instruments, constructive trust claims are made against the bank, by third parties arising out of a dispute between a third party and the bank’s customer and assets under management are not negotiated without proper authority in law, when the subject of an asset-forfeiture or restraint order issued by a Court.