SWIFT Wire Recalls: How International Bank Transfers are Reversed

When an international wire is sent to a fraudulent account, the sending bank must issue a SWIFT MT192 message to request a cancellation...\n\n## The Obstacles\nThe receiving bank is not obligated to return the funds without the beneficiary's consent unless fraud is proven...\n\n## Legal Intervention\nOften, a court order or direct intervention by a specialized firm like Citadel is required to compel the receiving bank to freeze the account.