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Refers to the days and dates that banks conduct business,
the same as business days. These days do not include weekends or bank
holidays.
The
Scam: In the fraud world of
HIGH-YIELD
INVESTMENT PROGRAMS, international banking days are
used as one of the many excuses for delays in the return of profits or
funds. For instance, a swindler will say that since the funds have
to be transferred from Switzerland to France before being sent to wherever, and
since each of the banks involved is in the middle of a bank holiday, it could
take as long as 3 to 4 weeks for funds to arrive. The swindler is counting
on the victim's acceptance of such a statement because of the victim's lack of
knowledge about banking. A short call to the international department of
any major bank would quickly reveal the fallacy of the swindler's excuse. See
The
12 most common excuses used by swindlers.
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