Sentence examples for illegal foreign exchange from inspiring English sources

In the Communist era, Mr. Rashkov, 69, was convicted several times of offenses involving illegal foreign exchange and gold transactions.

"Underground banks serve as an important channel for money laundering and illegal foreign exchange desks," the report said.

During June, more than 260 people engaged in illegal foreign exchange trading were arrested, more than 50 trading sites were smashed and large amounts of foreign currency were confiscated.

One official estimates that a quarter of outflows through the current account is in fact disguised capital flight: dollars earned from false invoicing, illegal foreign-exchange deals and other nefarious activities.

Some shops were looted and illegal foreign-exchange dealers beaten up before the enraged but unarmed soldiers clashed with the police.It is too soon to tell if such unrest will resume and spread or if the authorities will contain the soldiers' anger by giving them extra perks while crushing a mutinous few.

Such dodges are popular because until recently, if you sent money through a formal bank, the government confiscated most of it, by means of a rigged exchange rate.Mr Gono has made official channels more attractive by reducing the amount the government confiscates, and by cracking down on illegal foreign-exchange dealing.

"You can't stop people using that money to buy things, even if you make it illegal to use foreign exchange in transactions.

When recently sacked Barclays chief executive Antony Jenkins was appointed three years ago, he was seen by some as a sensible successor to Bob Diamond, a man widely blamed for turning Barclays from a primarily UK retail-focused organisation into a global, universal bank where systematic and illegal manipulation of Libor and foreign exchange interest rates took root.

The China Economic Quarterly, an independent newsletter, points to a report published on the website of the State Administration of Foreign Exchange, which details such illegal techniques.

"Some prominent firms have even been mired in scandals that violate the most basic ethical norms - Libor and foreign exchange rigging, money laundering, illegal foreclosure".

"This constitutes tax evasion, illegal transfer of money abroad and a violation of foreign exchange regulations".