US BROKERS/COMMISSION AGENTS MONEY LAUNDERING
August 1st, 2005
BY ALAN OSBORNA WHOLE slew of activities is covered by people calling themselves brokers in the US but here we're concerned with those who buy and sell securities in the straightforward way on behalf of others (brokers) or for themselves (dealers) and those who deal in options for future delivery of a range of items like agricultural commodities, oil, precious metals, equities, bonds and foreign currencies (futures commission merchants or FCMs). In both sectors America leads the world in the sophistication and size of the profession. The National Association of ...
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