A company or government department sends a wire transfer. It is understood that it is to be paid forthwith in the same systemic expectations in which a bank draft with certified funds is paid forthwith. The wire is not paid but returned by the recieving bank and the bank says we would just like you to send it again. The bank employee goes home at night and then returns to work the next day. This is a criminal offence. CLICK HERE. When the element of malice or mischief is introduced—meaning the employee intentionally returned a valid, correctly addressed wire transfer despite knowing it was "good funds"—the situation shifts from administrative error to a potential criminal act. In both jurisdictions, the key factor is that the employee used their official capacity to disrupt a legal financial transaction for an improper purpose.
A company or government department sends a wire transfer. It is understood that it is to be paid forthwith in the same systemic expectations in which a bank draft with certified funds is paid forthwith. The wire is not paid but returned by the recieving bank and the bank says we would just like you to send it again. The bank employee goes home at night and then returns to work the next day. This is a criminal offence. CLICK HERE. When the element of malice or mischief is introduced—meaning the employee intentionally returned a valid, correctly addressed wire transfer despite knowing it was "good funds"—the situation shifts from administrative error to a potential criminal act. In both jurisdictions, the key factor is that the employee used their official capacity to disrupt a legal financial transaction for an improper purpose.
A company or government department sends a wire transfer. It is understood that it is to be paid forthwith in the same systemic expectations in which a bank draft with certified funds is paid forthwith. The wire is not paid but returned by the recieving bank and the bank says we would just like you to send it again. The bank employee goes home at night and then returns to work the next day. This is a criminal offence. CLICK HERE. When the element of malice or mischief is introduced—meaning the employee intentionally returned a valid, correctly addressed wire transfer despite knowing it was "good funds"—the situation shifts from administrative error to a potential criminal act. In both jurisdictions, the key factor is that the employee used their official capacity to disrupt a legal financial transaction for an improper purpose. 1. Canada: Criminal Code Implications If the banking system is a government entity, the employee is a Public Offi...
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