There is a little known code call the UCC (Uniform Commercial Code) that essentially says that if you are a business and you want to do wire transfers you are essentially to be treated as a bank. You are probably wincing right now, because it’s just as stupid as it sounds. Note that this is not true for consumers - but even if your business consists of even one person, you still are treated as a bank. As such, if your company has money wired out of it’s account, the bank isn’t to be held liable - or at least that’s been their argument. This is happening all the time, so why aren’t we hearing about it all the time? Well that leads me to the worst part of this story...