A while ago, I made a foreign telegraphic transfer from a bank account in Bank A to another bank account in Bank B. Bank A then sent me an 2 email; one confirming that they have received my FTT, and another stating that my FTT has been submitted for processing. Money has been debited from my account. Both email did not indicate if funds has reached the beneficiary's bank or beneficiary's bank account.
About 5 working days later, I contacted Bank B and requested if they could confirm if the FTT has been credited into the beneficiary's bank account. Bank B denied my request citing security reasons.
Apart from asking the beneficiary directly, how can I confirm / validate if an FTT has been credited into the beneficiary's bank account?
Also, if a beneficiary claims that he / she did not receive the FTT and Bank B refuses to confirm, how do one settle such dispute?