Western Union & US Treasury confiscating funds!

[canuck23]

Starting to sound liket he classic case of a book that actually had a "real" SAR incident and is using it as a reason to handle issues with other clients.

In the early 80's the same learning curve went on with Credit Cards until there was an internatinal clearing standard set up with ATM's and CC transactions. Something books may consider some day(although a bit premature at this time for the industry).

Cancuk

 

[acw]

The book chooses names out of the air.
I am not familiar with these Western Unions.
Is one not supposed to identify himself when collecting money?

 

[canuck23]

Some Agents have a ceiling that requires ID when sending, some agents make up names and sign the name to meet the WU audit requirements. But like I said before WU wants the Biz so Suriname has no requirements put on WU by the Gov't on inbound/outbound verification. More of a WU internal control there. If the WU agent made up the name then they know it is a good tranfer when it comes in cause they are getting th emoney for the book. usually they charge from 1.5-5% on top of the WU fees, xrate and a flat per transaction fee, sometimes a per name fee or whatever else the WU agent can add pennies for.

Hope this helps

Canuck

 

[acw]

But like I said before WU wants the Biz so Suriname has no requirements put on WU by the Gov't on inbound/outbound verification.
So the tracking no. is key?
Anyone that gets hold of that can get the money in these places?

 

[acw]

http://www.sendwu.com/transfermoney.html

Fvck he! I see it now:
To pick up the money, the receiver completes a "To Receive Money" form at any Western Union Agent location and provides proper identification or answers a test question.
I am stunned that these type of services are still allowed anywhere! Asking for trouble.

 

[canuck23]

Pretty scarry isn't it!!

The guy who makes up the name at the WU agency sings for it. Any other agency would ask for ID and of course would never get it in person even if that person existed.

Common practice in USA, called straws (and other names) sending millions by WU back to places all over the world. These staws send small amounts at many locations under different names (even using fake ID) hence "straw" little sips in one end and little bit out the other, but consisteant tap on the big pot of gold! of course a little is left in the straw every time there is a sip from the pot.

these "agencies" are usually used by very high volume places that need to put money in different places when using WU or small scam places that want to remain unseen owners. usually a book will take responsiblity for the action of their "straw" agencies.

If a book offers WU, neteller, PPATM, etc all together they are using a good WU agent, if they only offer WU, watch out I would say.


Canuck

 

[chief910]

Any new info on any of this? Should we not be sending funds via WU to reliable books?

 

[Jacksorbetter+]

I think it's ok to send via Western Union but make sure the name you're given isn't too popular(Gonzalez, Perez, Martinez, etc). I'd also make up a name to use instead of your own as the sender. Most books suggest this these days. This situation was a fluke thing as the name given to the player was a very common name that books in Costa Rica had given out so much it raised a flag with Western Union.

 

[aceduecetrey]

I think it nearly impossible to send anything 1000 or more through WU while using a fake name. WU has cracked down so much since 9/11. I use to always tell people to use fake names and phone numbers to keep sports services/touts from getting the information and ringing their phone off the hook!

 

[Phaedrus]

See also:

Moving money around

The dreaded 10K transaction RED FLAG!?!

Large EFT withdrawals -- important question


Phaedrus

 

[Fatty]

The only problem if you us a false name/phone number and make a minor mistake (like spelling the receivers name wrong as some books give out some very hard to spell names) you won't be able to do it. Then your money is in limbo forever. There just has to be a better way to send funds aside from Western Union. If anyone has any let me know!

Fatty