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Byron O'Connor

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Business Email Compromise: Debtor’s obligation to verify account details confirmed

By Byron O'Connor on November 8, 2024

The latest judgment on Business Email Compromise (BEC) was handed down on 6 November 2024.

The matter related to a claim for payment arising from the sale and delivery of goods.  The debtor became the victim of BEC and subsequently paid the invoice amount into the incorrect bank account.

The debtor, in defence to the…

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Norton Rose Fulbright’s financial institutions team provides straightforward legal updates. Our lawyers offer local insights with an international perspective recognised worldwide. This blog focuses on the South African market and is about sharing knowledge with you. Blog posts are not legal advice.

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