Mistaken Bank Transfer: Confidentiality and Privacy Must Yield, Says the Florence Court

A recent interim order issued by the Court of Florence (order dated 7 May 2025) addressed the potential conflict between banking confidentiality and the rights of third parties.
In this case, an Italian company mistakenly transferred funds to an unknown party due to an incorrect IBAN, while intending to move the money between two of its own bank accounts. Notably, the company had indicated itself as the “payee” in the transfer order.