Complying with disclosure obligations in the Family Court
When looking at fair solutions for financial settlements in divorce or separation cases, we ask for 12 months bank statements for each account. This is also necessary to meet Anti-Money Laundering obligations.
You will be asked to complete a Form E, which entails full and complete transparent financial disclosure. This frank disclosure is crucial when separating couples seek to reach a financial settlement.
The recent case OG v AG [2020] EWFC 52 has shown how important this disclosure is. The Judge here, Mostyn J, emphasised that deliberate non-disclosure will be punished by court costs penalties.
You can read more at Class Legal here on this article: ‘If you do not negotiate reasonably you will be penalised in costs’ dated August 2020.