Welcome to our new website! Let us know what you think..

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Court sides with Coutts over expert who blew the whistle

1
Court sides with Coutts over expert who blew the whistle

A court has sided with Coutts over claims it backed out a job offer made to a compliance expert who blew the whistle about money laundering failings at a rival bank.

Martin Woods alleged the Queen's bank reneged on an offer made for a £650 a day post, with a court in London hearing that former police officer Woods had signed a contract relating to a compliance position offered in July 2011.

He claimed Coutts backed out of its offer after the bank realised he had raised the alarm about money laundering failures at Wachovia Bank, one of its competitors.

However the employment tribunal  threw out Woods' claim on a legal technicality.

The hearing ruled he was not eligible to press ahead with his complaints against Coutts because he had not started work at the bank at the time of the alleged incident, the Times reported.

Coutts said it had 'consistently denied' the claims against it and was pleased with the tribunal's decision to strike them out.

Woods had been seeking undisclosed damages.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Your Business: Cover Star Club

Profile: why Chris Wyllie joined Connor Broadley

Profile: why Chris Wyllie joined Connor Broadley

Professional footballers are not renowned for their financial acumen, but former Millwall player James Connor is an exception to the rule

Wealth Manager on Twitter