Cape Caribbean (Antigua) Ltd recently filed a claim against the Royal Bank of Canada, alleging a breach of duty leading to a loss of over US$100,000 through a fraudulent wire transfer.
According to court documents, a wire transaction of EC$322,299.19 was fraudulently debited from their US account in February 2019 and sent to a Chinese trading company.
Cape Caribbean claimed that unknown persons hacked an authorized email address, impersonating a representative and forging a signature to authorize the transfer.
The company argued that the bank failed to verify the request via a telephone call, but RBC counterclaimed that Cape Caribbean didn’t provide clear evidence of email hacking.
The court dismissed both claims, stating the absence of an expert witness and deeming a universal “call-back requirement” for electronic transactions unreasonable for the bank.
The ruling underscores the need for precautions to prevent fraudulent activities, protecting financial interests and maintaining the credibility of financial institutions.
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I was debating and some idiot thing I was showing off my knowledge of law by simply expressing that in Antigua and Barbuda judicial proceedings, expert witnesses are nearly never ever used.
It is a place where experts in their field have no importance, especially in the criminal justice system and other Judiciary proceedings.
Does no one at all in Antigua and Barbuda trained in recognizing patterns?
Can’t no one see errors and pattern of errors and begin to making a change?
The court was right to dismiss their complaint and the causes of action within it for lack of producing/presenting expert witnesses.
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