My husband has a side company that has its HQ in Puerto Rico. The company closed a contract in Brazil and was told they are wiring the funds to Puerto Rico. I was told that Homeland Security has the "wire" on hold due to the nature of the amount. I feel like things are not adding up. If the wire "left" Brazil and Homeland Security is holding the "wire" who and what steps should be taken to relieve the "hold"? The partner is telling my company they need to hire an "expeditor" to get things complete. Can someone shed some light on what this "process" should look like b/c I have no idea what is real or isn't real anymore and my family's livelihood is on the line.
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In General:
All transactions are investigated for AML [Anit Money Laundering], and OFAC [Office of Foreign Assests under Control] to detect any illegal activities. Incase any suspecious transaction is detected, it is investigated further. In your case the funds would[Guessing] have been received by your Bank and if it trigger alarms, its further investigated. Normally more details are asked from the Originating Bank. At times this activity takes few days and there is no invervention required or possible. The funds would be received automatically once the investigation is complete.
If its determined its fradulent [involved in AML or terriorist funding or any other such activity], it would not get credited and law will come knocking on the doors of people involved.
If the sending Bank is Brazil is a US based bank, then these investigations will be done before they send the funds to US Bank.
Dheer
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