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Mirror trading could lead to money laundering

By Hicbd
Sun Nov 8 2020 3:08 pm

"They would buy shares in Russia and sell the stock to one of the European shell companies they owned. As the network pinged money across the globe, it turned the rubles into dollars and other currencies. The system had one other great advantage: It allowed criminals to move their ill-gotten gains undetected."

URL:
https://www.buzzfeednews.com/article/tomwarren/deutsche-bank-money-laundering-mirror-trades
https://www.reuters.com/article/us-deutsche-mirrortrade-probe-scheme/the-mirror-trades-that-caught-deutsche-in-russian-web-idUSKBN15F23H

URL Credit

Categories:
Banks / Financial Institutions Corruption / Fraud Stock / Equity / Securities / Day Trading Financial Risk Management Money Laundering

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