Edmonton · CanadaWONE Global Partner · Canada
Submission received
Your information has been recorded by WONE.
Cases · Capital & assets · Payments, FX, digital assets & treasury
A foreign counterparty has sent funds to the wrong account
Usually led by Payments, Foreign Exchange & Settlement, with Finance & Treasury and Risk, Compliance & Financial Integrity. WONE Global brings the areas of expertise and countries together, with a named professional in each market where one is published.
The situation
What is happening
Payments that are held or diverted, cash trapped abroad, currency risk and digital assets.
The first questions
- Which bank, provider or exchange is holding the money?
- What reason, if any, has been given?
- Which countries does the money move through?
- What evidence of the transaction do you have?
Who faces this
- Treasurers
- Importers
- Exporters
- Fintechs
Cross-border complications to check
- Blocked banking corridorsPayment is lawful in one market but is rejected or held by intermediaries · Payments, Foreign Exchange & Settlement
- Ultimate beneficial ownershipLayered ownership complicates identifying the persons behind a counterparty · Risk, Compliance & Financial Integrity
- Sanctions conflictsParties are subject to differing sanctions and licensing regimes · Risk, Compliance & Financial Integrity
The solution
How WONE Global handles it
Usually led by Payments, Foreign Exchange & Settlement, with Finance & Treasury and Risk, Compliance & Financial Integrity.
How WONE Global usually approaches payments, fx, digital assets & treasury
- 01Find where the payment is held and why.
- 02Assemble the evidence the bank or provider needs.
- 03Respond through the right channel, with counsel if needed.
- 04Set up routes and controls that avoid a repeat.
General guidance for this subject. The route for your case depends on the countries, the deadlines and what you already hold.
Services
The services involved
One area of expertise usually leads; the others move with it. WONE Global keeps them connected across every country involved.
Who handles it
Payments, Foreign Exchange & Settlement, market by market
The status of the lead service in the markets that matter for this case. A named WONE Global Partner acts under their own licence; where none is in place yet, WONE Global confirms availability before anything else.
- Canada WONE Global Partner Haider Khan Fabers · Director of Advisory Services Brief this Partner →
- Libya WONE Global Partner SERAG ALMARJINH ( Almorgene ) · Business Development Leader - Advisory & Strategic Partnerships Brief this Partner →
- Rwanda WONE Global Partner Lilianne Gasango · Tax & Financial Advisor Brief this Partner →
- South Africa WONE Global Partner Kameel Keshav CA(SA) · Managing Partner Brief this Partner →
- United Arab Emirates WONE Global Partner Dr Hajra Nazir · Head Corporate Advisory / Consultancy Division Brief this Partner →
- India On request Availability confirmed before any work begins Bring a requirement →
- Saudi Arabia On request Availability confirmed before any work begins Bring a requirement →
- Singapore On request Availability confirmed before any work begins Bring a requirement →
- United Kingdom On request Availability confirmed before any work begins Bring a requirement →
- United States On request Availability confirmed before any work begins Bring a requirement →
Other markets: WONE Global covers 100 countries. Name yours in the requirement →
Edmonton · Canada
Tripoli · LibyaWONE Global Partner · Libya
SERAG ALMARJINH ( Almorgene )
Kigali · Rwanda
Johannesburg · South Africa
Dubai · United Arab EmiratesWONE Global Partner · United Arab Emirates
Dr Hajra Nazir
Amman · JordanDiscover
Where this case connects
The markets, corridors and guides behind this case, and the questions to put to Ask WONE below. Every link opens a page that links back here.
Markets
Services and subject
Worked examples
How it goes in practice
Researched corridor journeys, and representative scenarios on the same subject. None is a specific client’s matter.
- Mid-sized company · from India · in China, Turkey, GermanyIt pays 30% deposits by wire to new suppliers in three countries.How WONE Global handles it →
- Corporation · from Singapore · in Indonesia, VietnamIt needs to move surplus cash from Indonesia to fund Vietnam.How WONE Global handles it →
- Corporation · from Netherlands · in Germany, Spain, Poland and 2 moreIt lends to subsidiaries in five countries without written agreements.How WONE Global handles it →
Payments, FX, digital assets & treasury
Related cases
Urgent Our bank has frozen an international payment. What can we do?Urgent We paid a fake invoice to a fraudster's account abroad. Can we get it back?Urgent Tax was deducted abroad and again at home. Can we get it back?How do we pay overseas suppliers safely and cheaply?How do we move cash between our companies in different countries?How do we set up loans between our group companies abroad?Our international payments keep getting delayed or rejected. Why?How do we protect ourselves from currency swings?How do we bring profits back from our company abroad?How do we bring cash and assets home when closing abroad?
WONE Global Intelligence
Ask about doing business across borders
Ask in your own words. Answers come from WONE Global's checked records, with every source shown, and end with the named Partner who can act. Go deeper on any point, or build a decision file.