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?