$10,000 wire transfer disappears after bank puts it in wrong account

It's advertised as a safe and reliable way to move money, but an Ontario couple says the $10,000 wire transfer they sent their adult son in Alberta was deposited into the wrong account, and then disappeared. An expert says Canada's wire transfer system is flawed and prone to errors.

Related Keywords

Canada ,Penetanguishene ,Ontario ,Burlington ,Newfoundland ,United Kingdom ,Canadians ,British ,Werner Antweiler ,Trish Tervit ,Robert Behan ,Sauder School Of Business ,University Of British Columbia ,Td Bank ,International Bank Account Number ,Sauder School ,Payments Canada ,Large Value Transfer System ,Middle East ,North Africa ,British Columbia ,Finance Canada ,