How Cartels Launder Money Through Forex Brokers
The forex market of Mexico has at times been targeted by the authorities because of the fear of illicit operation. Certain crime syndicates have been caught abusing the financial systems such as a forex broker to launder money through them. These groups will transfer money via the use of various accounts and trading tools in trying to cover the source of illicitly acquired funds. Such transactions can easily be facilitated through brokers with lax compliance standards or weak regulatory supervision, and this is why stringent regulatory systems are essential in upholding the integrity of the market. According to finance analysts, …

