Help needed

[magnacarta]

Hello,

First of all I apologize in advance for maybe not posting it in the right section.

Recently I've had a lot of business proposal regarding money transfers. Some of them ask me for the receiver some of them for the sender.

They all are talking to me about differet GPI's and MT's such as;
Swift MT104 GPI
Swift GPI MT103 direct cash transfer
Swift GPI with code
Swift GPI automatic / with UETR Code
Swift GPI semi-automatic / with UETR Code
Swift GPI Manual Download / with UETR Code etc.

However to be honest I have no idea what any of these mean or how their completed.

Anyone have any experience with this? If so can you let me know what it is, have you completed anything like this?

Thank you

 

[orangeye]

WTF is that ?

 

[Sols]

Outside of very specific circumstances (which you would know about if you were engaged in them), these all turn out to be scams.

Toggle signature
This is the probably the answer to your question.

 

[Eldorado]

Look like money laundering - they are trying to transfer money through many accounts to hide the traces - expect police visit if you'll be involved

 

[diatessaron]

This is a common scam in Asia, stay away.

 

[Jerry1911]

diatessaron said:
This is a common scam in Asia, stay away.
Click to expand...

Mind explaining how it works?

 

[magnacarta]

Jerry1911 said:
Mind explaining how it works?
Click to expand...

Yes please, because some of these guys were specifically mentioning Asia.

 

[diatessaron]

How it works is dynamic, it can go as far as kidnapping people.

 

[Forester]

magnacarta said:
Swift MT104 GPI
Swift GPI MT103 direct cash transfer
Swift GPI with code
Swift GPI automatic / with UETR Code
Swift GPI semi-automatic / with UETR Code
Swift GPI Manual Download / with UETR Code etc.

However to be honest I have no idea what any of these mean or how their completed.
Click to expand...

Just for the explanation, the abovementioned strings are just names for different types of SWIFT transactions. For example, MT104 means ordinary wire transfer, MT103 direct debit, GPI represents certain enhancement of the original SWIFT standard that should allow for higher speed and traceability, UETR Code is a name for Unique End-to-end Transaction Reference ”“ a string of 36 unique characters featured in all payment instruction messages carried over SWIFT. Etc.
It means, standing alone it does not say very much about the transaction, the object of importance are the data about sender, receiver etc. contained in SWIFT messages.
Under normal circumstances, the denotations quoted above are not used to describe payment orders and an ordinary bank accout user is not even aware about their existence.
So, if anyone is using this terminology in a business proposal, it really does not smell well 😉
And quite generally, if someone unknown gives me a proposal just to perform a payment transaction, regardless of form I should run away like hell 🙂

Toggle signature
--------------------------------------------------------------------------------------------------------------------------------------

I am just a simple countryman. Anything I say is only a personal opinion, not a certified advice 🙂

If you think it makes sense, you can like it; if opposite, please, tell me, why I am wrong...

 

[JohnnyDoe]

I think I first saw this scam around 1998 when it came in as an unsolicited fax smi(&% (A fax is like a self-printing email, for those youngsters around here who never saw one).
People must still be falling for it. For some reason, when something makes no sense it attracts victims stupi#21

Toggle signature

@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields​

 

[magnacarta]

Forester said:
Just for the explanation, the abovementioned strings are just names for different types of SWIFT transactions. For example, MT104 means ordinary wire transfer, MT103 direct debit, GPI represents certain enhancement of the original SWIFT standard that should allow for higher speed and traceability, UETR Code is a name for Unique End-to-end Transaction Reference ”“ a string of 36 unique characters featured in all payment instruction messages carried over SWIFT. Etc.
It means, standing alone it does not say very much about the transaction, the object of importance are the data about sender, receiver etc. contained in SWIFT messages.
Under normal circumstances, the denotations quoted above are not used to describe payment orders and an ordinary bank accout user is not even aware about their existence.
So, if anyone is using this terminology in a business proposal, it really does not smell well 😉
And quite generally, if someone unknown gives me a proposal just to perform a payment transaction, regardless of form I should run away like hell 🙂
Click to expand...

Believe me, I've distanced myself from all this s**t, but just happened that every now and then I hear someone going over these and it caught my attention. Plus, the proposal I've had. Thank you for the clarification. Duly noted and appreciated.

 

[JohnnyDoe]

Can admin setup a section “scams” where people describe the best ones? Like the one where a guy who pretended to be able to duplicate cash with some kind of black ink”¦ or the midget in a desk scam rof/%

Toggle signature

@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields​

 

[FixieHartmann]

JohnnyDoe said:
A fax is like a self-printing email
Click to expand...

That is brilliant! No Google search results - so you came up with it?

 

[JohnnyDoe]

FixieHartmann said:
That is brilliant! No Google search results - so you came up with it?
Click to expand...

Google? The thing similar to the local cafe where when you ask a question you receive a bunch of useless answers? smi(&%

Toggle signature

@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields​

 

[daxbr]

FixieHartmann said:
That is brilliant! No Google search results - so you came up with it?
Click to expand...

You need a phone line and a fax machine, otherwise you do not get any privacy advantage if you use online fax service.

 

[Martin Everson]

magnacarta said:
They all are talking to me about differet GPI's and MT's such as;
Swift MT104 GPI
Swift GPI MT103 direct cash transfer
Swift GPI with code
Swift GPI automatic / with UETR Code
Swift GPI semi-automatic / with UETR Code
Swift GPI Manual Download / with UETR Code etc.
Click to expand...

Do not even engage with them. At the very least you will waste your time.

Toggle signature
Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[EliasIT]

OP what the hell are you wanting with all of this?

Toggle signature
If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability!
My personal favorite thread posted in the Mentor Group. Group of investment companies to avoid licensing.

 

[magnacarta]

EliasIT said:
OP what the hell are you wanting with all of this?
Click to expand...

I don't want anything but when more than people approach you with the same crap it makes you wonder the hell is going on. I needed to understand what it is. Now that I do I can distance myself from all of it.

 

[EliasIT]

Good choice, it's not worth to go for it.

Toggle signature
If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability!
My personal favorite thread posted in the Mentor Group. Group of investment companies to avoid licensing.