Between a Cop and a Customer

Abstract

Gone are the days when a bank could concentrate on providing a reliable service to its customer, and maintain that as part of that service it could guard the confidentiality of all information learnt in the course of the customer's banking. Formerly, a customer could be relatively confident that information about his or her business affairs would not be disclosed save in fairly limited circumstances, and the bank would not trouble itself as to how these affairs were conducted. Current legislation and regulation requires a bank to be aware of the commercial background to its clients' dealings and, in certain circumstances, to take steps to report criminal conduct or to account to third parties.

Citation

Robert‐Tissott, S.P. (1996), "Between a Cop and a Customer", Journal of Financial Crime, Vol. 3 No. 3, pp. 291-295. https://doi.org/10.1108/eb025725