In January 2002, an investigation was initiated, subsequent to receiving SARs, into the operation of an unlicensed money remitter.
A foreign bank account, containing approximately $3 million, was frozen at the request of USCS agents. A federal search warrant was also executed at the subject's residence. The subject admitted to using the Italian bank account as a means to further forward the funds to his brother's bank account in the Middle East.
Both subjects admitted to operating as an unlicensed money remitter.
(Source: U.S. Customs Service)