Another scenario,what course of action could you take if you did a wire transfer to another country example USA for a boat and the seller didnt release the goods to the shipper.

All the scammers use wire transfer or western Union, I would imagine because once it`s done it cannot be reversed.Learn from them :-)
Family and friends paypal you have ZERO protection.

Your options are limited in this scenario, while the seller not releasing the goods is illegal if you are in another country it is difficult if not impossible to solve that problem. This is why it is imperative that all due diligence is done prior to money being sent.

You would be ****ed.

To the poster whose bank said they can reverse a wire up to a year later, your bank is wrong. Once it hits an account it’s done, unless you can prove fraud and have the FBI put a hold on the account. Usually by the time you realize it didn’t show up where it should have or realize you have been scammed, it has been wired from that us account to an account in another country and it’s done and gone.

So buying from a company/business would be safer than buying from a private seller ,the company should be easier to trace

Maybe, maybe not. It depends. Some businesses are nothing more than a quick online incorporation by one person; which they can happily go bankrupt and walk away from.

My son just purchased a car from an out of town dealership. Most of the conversation was done on the Salesperson cell phone, which is common today. He emailed us wiring instructions. To make certain it was legit, I called into the dealership, asked for the F&I Manager, and then asked him what the wiring instructions were for his dealership. I also asked him some specific questions about the dealership/wire transfer. The sales guy could have had us wiring the money into his own account which would have been a real surprise when attempting to pick up the car. The key is that I called into the dealerships published number, I did not ask the salesguy to have an F&I person call me. After tat exercise, I felt good about wiring the funds.

A couple of years ago, one of our banks had us sign a form that cleared them of any problem with any wire, including if it was their fault. We no longer use that bank for wires. After that, it was interesting to see how many banks had different wire rules.