https://www.taxtmi.com/news?id=33885 A money laundering probe targets an alleged fraudulent forex trading and deposit operation run via QFX Trade Ltd and associated entities, which used websites, apps, promotions and a multi-level marketing model to solicit investor funds. Investigators allege the scheme operated as an unregulated deposit scheme, shifted brand names while retaining the same modus operandi, and employed shell or dummy companies to collect deposits. Authorities froze multiple bank accounts holding investor funds and seized cash after directors and agents could not explain the source of the funds. en-us Thu, 13 Feb 2025 13:01:07 +0530 Thu, 13 Feb 2025 13:01:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=33885 A money laundering probe targets an alleged fraudulent forex trading and deposit operation run via QFX Trade Ltd and associated entities, which used websites, apps, promotions and a multi-level marketing model to solicit investor funds. Investigators allege the scheme operated as an unregulated deposit scheme, shifted brand names while retaining the same modus operandi, and employed shell or dummy companies to collect deposits. Authorities froze multiple bank accounts holding investor funds and seized cash after directors and agents could not explain the source of the funds. News - Thu, 13 Feb 2025 13:01:07 +0530 https://www.taxtmi.com/news?id=33885