Is anyone familair with Money2India? We have found where a customer has ACH'd to this "entity." An Internet search reveals this is some kind of network through a bank in India where funds can be sent to persons in India. I suppose this is legitimate - and perhaps a means of sending funds to relatives?? Not sure whether this is something to be watching for structuring or money laundering. I realize structuring can occur by any type transaction but this is the first time we have seen any transactions through Money2India. Thanks for any input!!

Yeah, I saw an account recently with it on there, where they have had a lot of transactions coming out. I was a bit curious about it also But they have been very small amounts not over $200. How large have your transactions been?

I believe the largest was $5000 which makes me definitely want to know more about Money2India and of course, about what our customer is doing.

Which bank in India?

These are conducted through and is a service of this bank:

http://www.icicibank.com/pfsuser/aboutus/overview/overview.htm

Yes, I did see the bank through which it is offered from the Internet search. So, I assume, Mr. Carey, that you see this as a legitimate service and I should basically have no concerns in that regard. Since this customer has some other questionable transactions, we will continue to monitor all of the customer's activities. Thanks!!!

It's just one additional piece of the puzzle.

The fact that the service is provided through a known bank in India is good but you still need to consider if the volume of the activity appears to be reasonable for the customer and it does not appear as if the customer is acting as an MSB and transferring funds for others as well.