Étiquette : bank transfer

Secure transaction visualization between SENDER and RECEIVER showing flowing currency symbols and binary data.

Wire transfer fraud: the principle of non-interference on the part of the bank justifies a strict interpretation of the concept of ‘apparent anomaly’,

Le par Olivier VIBERTdans Banking, contract / commercial, EnglishLaisser un commentaire

A bank that executes a wire transfer order for investment purposes acts merely as a payment service provider. As such, it is under no obligation to interfere with the appropriateness of the investment, nor to warn its client of its speculative nature. The bank can only be held liable in the presence of apparent anomalies …

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A hand holds a glowing translucent AURUM DIGITAL credit card against a blurred night cityscape.

Incorrect bank details: a bank that prepares the transfer order itself may be held liable

Le par Olivier VIBERTdans Banking, contract / commercial, EnglishLaisser un commentaire

In a judgment of 4 March 2026, the Commercial Chamber ruled that the provisions of Article L. 133-21 of the Monetary and Financial Code do not protect the bank where it has not merely executed the payment order. If the bank itself prepared the transfer order based on bank details containing obvious anomalies, it may …

Lire la suite de Incorrect bank details: a bank that prepares the transfer order itself may be held liable