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#639838 - 11/20/06 02:58 PM Suspicious??
banker1976 Offline
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Joined: Nov 2005
Posts: 346
Mid-Atlantic
We've a customer who receives ACH credits to their account from their PayPal account and then wire transfers out the same amount to another party. This has occurred several times over the past month or so. We've no reason to suspect anything unusual about the customer but some might say this could be considered kiting or some other type of unusual violation. Just wondering what others thought about this.

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#639876 - 11/20/06 03:36 PM Re: Suspicious?? banker1976
MagicCity Offline

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MagicCity
Joined: Apr 2003
Posts: 3,003
Fort Lauderdale, Florida
I think it would depend on who the other party is.
Could it be a credit card company?

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#639890 - 11/20/06 03:55 PM Re: Suspicious?? MagicCity
ACBbank Online
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Originally Posted By: MagicCity
I think it would depend on who the other party is.
Could it be a credit card company?


Magic is on the right path. Who is the third party? Furthermore, what type of business is your customer in? Would this activity be considered "normal" for that type of business?
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#639918 - 11/20/06 04:32 PM Re: Suspicious?? banker1976
Fraudman CFCI Offline
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I also would look a the transaction volume and dollar amounts. If substantial, (out of the norm) there very well could be a problem and I would probably file a SAR.

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#639936 - 11/20/06 04:48 PM Re: Suspicious?? Fraudman CFCI
banker1976 Offline
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Joined: Nov 2005
Posts: 346
Mid-Atlantic
The third party is an individual. The transactions may be legitimate. Our Wire Transfer department brought it to my attention that there had been transfers out in the same amounts as ACH credits in from PayPal.
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#639946 - 11/20/06 04:59 PM Re: Suspicious?? banker1976
TXBSA Offline
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Joined: May 2006
Posts: 170
TX
Could it be that your customer is selling items for people using their own ebay account and then paying the people after transfering those funds to his account? I have heard of businesses that do this. Their profits probably stay in the paypal account or are transfered to some other account.

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#640052 - 11/20/06 06:38 PM Re: Suspicious?? TXBSA
MagicCity Offline

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MagicCity
Joined: Apr 2003
Posts: 3,003
Fort Lauderdale, Florida
Is it the same individual each time?

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