Skip to content

Refuse to Send Intl. Wire-Suspect Fraud Activity

Answered by: 

Question: 
Can we ​refuse to send an international wire out if we suspect fraudulent activity?
Answer: 

A bank is under no obligation to participate in a fraudulent transaction. You cannot prevent the customer who insists that they are not being scammed from taking the cash and going to a currency exchange.

First published on 08/26/2018

Filed under: 
Filed under compliance as: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics