How to Challenge a Bank’s Refusal to Release a Wire Transfer in New York Under UCC Article 4A
A New York bank can face liability for wrongfully refusing to release or execute a wire transfer under UCC Article 4A, often on a tight, notice-driven timeline. Banks frequently cite fraud controls, sanctions screening, or name mismatches as reasons to “hold” funds. This article explains the governing New York rules, immediate steps to take, evidence […]