About this document
Money Laundering via Derivatives Explained by Naseeha Fatemamode is a document available to read on EtoBox.
The document describes a money laundering scheme using derivatives. [1] A complicit broker takes illicit funds deposited in Account A and goes long and short on the same commodity. [2] At the end of the day, any losses are assigned to Account A to reduce the balance, while profits are assigned to Account B, producing "clean" funds. [3] Though there is a spread cost, the clean funds can then be claimed as legitimate trading profits.
- Author
- Naseeha Fatemamode
- Language
- EN