Wire Transfer Recalls
Wire transfers are subject to various national banking and consumer protections laws. These regulations vary depending on the jurisdiction where the transaction took place. Whittaker Business Assistance Limited’s experts will investigate the issue to see if the transaction was conducted in a way that was inconsistent with the applicable laws and regulations. Bank wire recalls are very complex and involve multiple steps. They can vary from 3 to 6 months. In some cases, the recalls can be initiated even after the banks are located abroad. At times, the transfers end up with overseas banks. In such cases, the process can be even more complex and take longer than when both banks are in the same country.