Platforms that enable the exchange of foreign currencies, allowing users to buy and sell different currency pairs in real time. These services typically include charting tools, leverage options, and direct market access for retail or institutional traders.
Main/
Forex Trading Platforms
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Code
PS0079
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Name
Forex Trading Platforms
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Version
1.0
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Category
Wealth & Investment
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Created
2025-03-14
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Modified
2025-04-02
Related Techniques
- Criminals exploit forex brokers by submitting forged or mule-based account applications, passing superficial KYC reviews.
- They execute currency trades and frequent cross-border transactions, layering illicit proceeds among normal market flows.
- The appearance of routine forex activity masks suspicious transactions, hindering efforts to identify the true origin of funds.
- Layers of spot trades and short-term currency swaps create the appearance of legitimate forex activity, separating funds from their illicit origins.
- Repeated high-volume trades in multiple currencies obscure transaction trails and frustrate AML monitoring systems.
- Present currency trades as normal hedging or speculation, enabling repeated cross-currency conversions to layer funds.
- High-volume or algorithmic trading patterns mask illicit proceeds by blending them with legitimate market activity, hindering AML efforts.
- Criminals use real-time forex trading to rapidly exchange illicit funds among multiple currency pairs.
- By exploiting arbitrage opportunities and short-term fluctuations, they introduce multiple layering steps that obscure the original source of funds.
- High-pressure sales operations pitch unrealistic currency-trading returns, fabricating trading statements to entice victims.
- Deposits are often never actually traded; instead, criminal operators redirect the funds or use them to pay off earlier investors.