Government enforcement actions and economic sanctions for engaging in or supporting unauthorized transfers
of aircraft or related goods, technology, or services to Iran or to designated Iranian airlines.
Records show that between March 2011 and June 2018, Silva made unauthorized transfers
totaling hundreds of thousands of dollars from Winthrop's operating accounts to personal accounts in both her name and those of family members, authorities said.
The statute sets out the bank's and the customer's rights and responsibilities and prescribes which party bears the loss for unauthorized transfers
. Complete familiarity with this statute is essential because you will soon discover that it may provide the only available remedy--one that the bank may attempt to further limit through its form account agreements.
To cover this fraud, MYLES provided the family of the victim with falsified bank statements that disguised these unauthorized transfers
as business expenses.
The scam is carried out by compromising legitimate business e-mail accounts through social engineering or computer intrusion techniques to conduct unauthorized transfers
of funds," said the release.
In addition to not telling his clients what he was doing, Narayan also hid the fees he was receiving for the unauthorized transfers
and the conflict of interests inherent in the transactions: Not only was Narayan a member of The Ticket Reserve's board of directors, he owned more than 3 million shares of company stock.
The Fed branch has said its clients, including Bangladesh Bank, and SWIFT have primary responsibility for preventing unauthorized transfers
"I think we are going to see people get burned bad..with unauthorized transfers
, for example.
Unbeknown to the CPA, one of the insurance broker's employees has been making unauthorized transfers
from the premium account to the operating account.
If the employer is investigating a worker's alleged misconduct or if a worker is accused of making unauthorized transfers
of proprietary information, the employer can ask the worker to voluntarily provide his or her log-on information, but the employer cannot require it.
Saia was a four-year employee at the bank when one of her regular customers discovered multiple unauthorized transfers
and withdrawals from his account, according to an FBI agent's sworn statement to obtain a search warrant in the case.
The court ruled these payments were avoidable under Section 549 of the Bankruptcy Code, as unauthorized transfers
of property of the debtor's estate and recoverable from the vendor.