[FormerACLUmember]

My 90 year old dad had $45,000 recently wired out of his account (in $1000 increments) to India in an identity theft. Cause: the bank was outsourcing back office paperwork to India.

We had to get a lawyer to get the bank to honor federal law and eventually (and with great resisitance) return all the money. This was a federal credit union for retired teachers in Florida.

[BunnySlippers]

I'm wondering why a transaction like that wouldn't trigger a money laundering alert. Big for me now since I just took training yesterday on the Patriot Act and Money Laundering. Should have set off alarms.

[oceanview]

I believe with my online bank - if you notify them promptly if any unauthorized activities - they restore the funds. I never go more then 2 or 3 days without logging in to check.