In Practice
9557 Points
Posted on 21 February 2014
it is very difficult to identify whether the hold of an account is in the hands of the true person or not but keeping a close check can give you some hints.:
-u may go through the txns in an account and see whether the money is deposited and withdrawn in a day , or two- days gap
for eg, 50000 credited in a/c on 20.2.14 and the same amt dr from a/c on 21.2.14, if u find no. of such txns occuring frequently then it may indicate that the money is being circulated with some ulterior motive.
- u should be vigilant if u find any txns of a very high volume (amt) and should may enquire the customer about its source.