Final answer:
Employees can deny wire transfers via fax, phone, or courier depending on the organization's policies and procedures. They review and verify requests to prevent fraud and ensure security.
Step-by-step explanation:
Employees have the ability to deny wire transfers via fax, phone, or courier, depending on the organization's policies and procedures. In most cases, employees are trained to carefully review and verify the legitimacy of the transfer requests before proceeding. This is done to prevent fraud and ensure the security of the organization's financial transactions.
For example, if an employee receives a wire transfer request via fax, they may need to cross-check the information provided with the organization's records and contact the sender for further verification. If anything seems suspicious or doesn't match up, the employee has the authority to deny the transfer.
It's important to note that wire transfers are often used for large sums of money and can have serious financial implications. Therefore, organizations have strict protocols in place to ensure the accuracy and security of these transactions.