Second, make sure any wire transfer
is associated with, and maps to, an actual purchase order inside the accounting system.
During that period, the firm processed more than 17,000 third-party wire transfers
totaling more than $880 million.
This insurance coverage dispute arises from a loss caused by the Bank's payment of two fraudulent wire transfers
from the Edwards Living Trust, which the Bank reimbursed.
Based on the coding discussed on page 4, counties as a whole were found to be using the ACH for multiple disbursements and just one collection activity while the wire transfer
is utilized for just one disbursement and collection activity.
Each wire transfer
should have required the additional approval and signature of a bank officer.
"The problem the advisor has is that they want to provide great service" in making sure a wire transfer
happens quickly, but without the proper safeguards, "they might hear the next day or two" that the transfer was fraudulent.
Ameriprise subsequently processed these forged wire transfer
requests and disbursed the funds without any inquiries.
He then used this information to initiate fraudulent wire transfers
from the company's bank account.
Nur also sublets to Barakat Wire Transfer
. And that appears to be the one the Customs agents were interested in.
* Be sure your prospects know the various ways they can pay you, such as U.S.-dollar checks, foreign-currency checks, international credit cards, local cards, giro,, direct debit, wire transfer
Although a wire transfer
initially contains information about the sender or originator of the transfer, as the transfer passes through several banks before reaching the beneficiary's account, the identification of the originator is often dropped.
One of the top trends identified by the authors for the first half of 2000 was the use of complex wire transfer
transactions through shell companies.