Neate and Godfrey: Bank Confidentiality, 5th Edition

Can you keep a secret?
Or are you legally obliged to break confidentiality?

This is the dilemma facing many banks and financial institutions today. Once the preserve of client confidentiality and secrecy, this is no longer the case. And in recent years it has been getting ever more complex with conflicting pressures both for openness and customer confidentiality.

To make matters worse it’s also been difficult to gain clear guidance on the subject – especially when faced with different jurisdictions, legislation and regulations across the world.

However, the new fifth edition of Neate and Godfrey: Bank Confidentiality holds all the key answers you need to provide reliable advice on this topical area. Compiling together the expertise of banking law specialists from around the world, this invaluable guide includes:

• The basic rules of confidentiality including their civil and criminal nature
• Remedies available for breach of those obligations and conflicts of interest
• How data protection legislation operates in relevant jurisdictions
• The effect of the Terrorism Act 2000, the Proceeds of Crime Act 2002 and the Money Laundering Regulations 2007 which oblige banks to disclose information
• Updates on new legislation and regulations in 33 countries – now including Japan and Russia

  Neate and Godfrey: Bank Confidentiality is the only guide we know of that not only covers issues beyond money laundering but is also international in scope.

  This fifth edition is updated to reflect the rapid changes in banking law across the world, including:

• The effect of the Terrorism Act 2000, the Proceeds of Crime Act 2002 and the Money Laundering Regulations 2007 which oblige banks to disclose information in relevant circumstances.
• Updates on new legislation and regulations in 33 countries - now including Japan and Russia.
• Fresh light cast on the dilemmas facing banks – pressures to disclose information to help combat money laundering and the funding of terrorism as well as pressures to keep customers’ information confidential and to prevent identity theft.
• Insights on cross border issues in litigation and regulation particularly with branches operating in different jurisdictions.

  You’ll find this new edition an essential resource.