The Liabilities of Financial Intermediaries and Their Advisers for Handling the Proceeds of Crime

Abstract

This paper considers the rules of English law which apply to fix financial intermediaries and their advisers with liability for handling the proceeds of crime. Consideration of this topic falls into two distinct parts. This paper looks at responsibility in civil law, including liability for breach of contract; liability as constructive trustee; liability for money had and received; equitable tracing and other liabilities. It then examines issues of criminal responsibility, and closes with consideration of an anomaly.

Citation

Brindle, M. (2002), "The Liabilities of Financial Intermediaries and Their Advisers for Handling the Proceeds of Crime", Journal of Financial Crime, Vol. 9 No. 3, pp. 227-238. https://doi.org/10.1108/eb026021