High Court Rules Curaçao Bank Unaware of £220m VAT Fraud, Dismissing Liquidators’ Claims

• Curaçao bank and its former owner won a case against liquidators.
• The High Court ruled they were unaware of clients’ involvement in VAT fraud.
• Claims of dishonest assistance against the bank were dismissed.
• The case involved Transworld Payment Solutions UK Limited.
• The judge found no intentional wrongdoing by the bank or its director.

Source: accountancydaily.co

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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