The Globe and Mail reports in its Saturday edition that Bank of Nova Scotia does not have a standard alert system that could have flagged suspicious behaviour connected to the alleged theft of $9.8-million from the music-funding non-profit FACTOR last June, its lawyer told a Toronto court. The Globe's Josh O'Kane writes that Justice William Black heard arguments Friday about how to proceed with the months-long dispute. "Scotiabank as an institution is processing thousands upon thousands of wire transfers every single day," said Scotiabank lawyer Paul-Erik Veel of Lenczner Slaght LLP. To add an extra security step to large wire transfers, Mr. Veel added, would drastically slow the bank's ability to process payments. The Foundation Assisting Canadian Talent on Recordings (FACTOR) filed an application in July against Scotiabank and the cryptocurrency platform VirgoCX seeking to recover money that allegedly disappeared from its account in June. The money had been deposited by the Department of Canadian Heritage days earlier and was destined for the music industry. Friday's hearing was about how to proceed with the case. Justice Black said the lack of alerts "strikes me as completely out of the ordinary" for a big bank.