Judgment
Fortunate Drift Limited v Canterbury Securities Ltd - Ruling
[2019] CIGC (FSD) 227
· FSD 0227/2018 (IKJ) · 2019-09-16
Proceeds of Crime Law (2015 Revision)-Anti-Money Laundering Regulations (2018 Revision) - impact of statutory regime on financial service providers whose clients fail to respond to KYC requests - Defendant holding Plaintiff's shares and proceeds of sale pursuant to undertakings given pursuant to Court Order-whether Court has inherent jurisdiction to order production of KYC information
Full metadata
| Neutral Citation | [2019] CIGC (FSD) 227 |
|---|---|
| Cause Number | FSD 0227/2018 (IKJ) |
| Court | CIGC (FSD) |
| Judge | Kawaley J |
| Parties | Fortunate Drift Limited v Canterbury Securities Ltd - Ruling |
| Judgment Date | 2019-09-16 |
| Subject | Proceeds of Crime Law (2015 Revision)-Anti-Money Laundering Regulations (2018 Revision) - impact of statutory regime on financial service providers whose clients fail to respond to KYC requests - Defendant holding Plaintiff's shares and proceeds of sale pursuant to undertakings given pursuant to Court Order-whether Court has inherent jurisdiction to order production of KYC information |
| Filename (current) | 19-09-16-Fortunate-Drift-Limited-v-Canterbury-Securities.pdf |
Legislation cited
| Statute | Sections cited | Mentions |
|---|---|---|
| Anti-Money Laundering Regulations (subordinate) | — | 22 |
| Anti-Money Laundering (Amendment)(No.2) Regulations, 2019 (SL 28 of 2019) (amending) | — | 1 |
| Grand Court Act | 11(1) | 1 |
| Proceeds of Crime Act | — | 1 |
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