Wire Fraud Closing Deck
Recall the closing controls that protect funds when wire instructions change.
We do not have time for a callback; the bank cutoff is in 20 minutes. Changed wire instructions in a live closing. Your line That is exactly when we use the callback. A delayed wire is fixable; a fraudulent wire may not be. Do not let deadline pressure become the reason to skip the control designed for deadline pressure. It reframes delay as the smaller risk and makes the control non-negotiable. Which confirmation channel is safer? Out-of-band means outside the channel that delivered the anomaly. What are the four words for a changed wire instruction? Stop, callback, escalate, log. The…
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