FX scam banks conducting internal investigations


New York -- A currency trading scam allegedly carried out by five traders at top global banks, nine brokers and three officials at retail FX firms -- including a former member of the Federal Reserve’s FX committee -- was uncovered in mid-November as part of the Federal Bureau of Investigation’s (FBI) swoop on forex fraud.

The 17 individuals implicated were among 47 arrests -- the remainder in retail FX -- made by the FBI, following an 18-month undercover investigation. Traders at JP Morgan C

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: