 |
THE GLOBAL FOREIGN exchange industry’s reputation has been suffering over the past year. At the start of 2003, John Rusnak, a rogue forex trader at the US unit of Allied Irish Banks, was jailed for seven and a half years. It was an unfortunate but thankfully rare example of a breakdown in trading procedures.
But the industry did not have to wait long for its next big case. Last November in New York, 47 currency traders were arrested after an 18-month undercover investigation by the FBI, dubbed Operation Wooden Nickel.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
