Via Compass Cayman:
“The Grand Court of the Cayman Islands has denied an application by an unnamed U.K. bank to disclose confidential customer information to the Metropolitan Police in a British money laundering investigation.”
“The British police had asked the court in Kingston, England, to compel the bank to produce records for a period of six years in relation to a specific bank account and other accounts in which the police suspect had an interest.”
“Although this information was recorded on its computer systems in London, the bank considered itself to be bound by the Cayman Islands Confidential Relationships (Preservation) Law and asked the Cayman Islands Grand Court for direction.”
Justice Foster, however, denied the request, in part because under the Cayman Confidential Relationships law the term “authority” does not include the police (!).
I can´t find any mention of this case in the UK press yet. The Cayman Islands is a British Overseas Territory, where executive authority is formally invested in the Queen and the Governor is a diplomat appointed from London.