I received a strange business proposal a couple of days ago and wanted to hear an external opinion on whether this is potentially a banking scam.
I was approached by a business partner from Russia, who says he is also working for a Russian NGO (I checked them, they seem to be a credible organization, albeit slighly looking like a cover for FSB...). The NGO, according to the story, is about to receive a large money transfer from the US. The size of the grant is ~2bn USD. They would like to invest the money in Europe and need to open bank accounts etc. in Czech Republic (where my business is also located) in order to do this and asked for my help in getting these formalities done.
Here comes the strange part - he insists that the funds would arrive via Fedwire. I checked the existence of such system, and it does seem to exist - if I get this correctly, this is kind of US-only "SWIFT" operated by FED. However, I am very much puzzled by some of the requirements this NGO has related to this transaction, such as: window time for transaction (as if it can only be done at specific times???), instant confirmation of receipt of funds from the bank, and almost instantly moving part of this money from one account to another one.
Can this be a scam? I just cannot get where the trick is? Can someone manipulate a fedwire transfer so that the receiving bank believes it received the funds (and transfer part of it further) why in fact it did not?
I need to figure this out, because I would not like jeopardize the relationship with my bank by introducing any scammers to them.
Thank you indeed for any sort of help/ques/hints/sharing similar experiece etc!