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Two Canadian brothers of Indian-origin have been indicted by a federal grand jury for allegedly operating an Internet-based unlicensed money service business that processed more than USD 250 million in transactions. Firoz Patel, 43, and Ferhan Patel, 37, who live in the area of Montreal, Québec, are charged with one count of conspiracy to operate an unlicensed money transmitting business and to violate anti-money laundering programme requirements, one count of a money laundering conspiracy and one count of operating an unlicensed money transmitting business in the District of Columbia.