The relationship between banks and their customers – A study of the right to a bank account, particularly in light of the anti-money laundering and terrorism financing regulation

Summary

Credit institutions have an obligation to provide bank accounts to anyone who wants one, under certain conditions. However, this duty is limited by, among other things, the anti-money laundering regulation, which requires credit institutions to terminate or refrain from entering into business relationships under certain circumstances. The overall purpose of the project is to investigate and analyse the extent of credit institutions’ obligation to provide bank accounts. Topics relating to how the rights of individuals should be balanced against the obligations of credit institutions under the anti-money laundering regulation are also analysed.