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Thread: Buying MO's?
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Old Feb 6, 2016, 9:04 pm
  #23  
fenderbender
 
Join Date: Aug 2011
Posts: 21
i work for one of the top 5 banks in the US and work in fraud detection and prevention. MOs aren't high on our list for detection or prevention. i'm on the tech side and no system i know of deals specifically with MOs. MOs would come under deposit fraud and i've never heard anyone talk about MOs. i imagine because they put a hold on the funds until the bank has been paid unlike checks there are lots different scenarios.

it is a good idea to have a good relationship with people at the branch,, because money laundrying investigations can be started by the branch through the "know your customer" program/reg.

https://en.wikipedia.org/wiki/Know_your_customer

if the branch reports you, they can't/won't tell you (against policy). they just report to corporate and it then grows legs.
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