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#2042020 - 10/01/15 09:31 PM multiple wires to Panama
SUSA Offline
Gold Star
Joined: Nov 2011
Posts: 400
A customer came to a teller today requesting to wire $9,000 to an individual in Panama.
He said he wants to wire $8,000 tomorrow & $7,000 on Monday - all to the same person in Panama.
When asked "Why?"

He said, "If a wire is received in Panama of $10,000 or more, the funds are held."

I have never heard of such a thing (and my internet searches of this "information" is getting me nowhere).
I don't want to spend too much time searching for a piece of information that may be bogus.

Have any of you heard anything like this?


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#2042024 - 10/01/15 09:35 PM Re: multiple wires to Panama SUSA
ACBbank Offline
Power Poster
Joined: Jul 2006
Posts: 3,959
New York City
No, but you're more than welcomed to request further information from the customer prior to sending out the wires.
"100 victories in 100 battles isnt the most skillful. Subduing the other's military w/o battle is the most skillful." Sun-Tzu

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#2042052 - 10/02/15 12:38 PM Re: multiple wires to Panama SUSA
PrimeTime Offline
100 Club
Joined: Nov 2014
Posts: 173
Assuming you haven't already, I would also investigate the source of funds for those wires. I've had a few situations that sound pretty similar to that in which the originator of the wires is being used as a money mule.
Life is like a bicycle. To keep your balance, you must keep moving.
-Albert Einstein


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