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ACI Responds to FX Arrests in New York

ACI – The Financial Markets Association has released a statement regarding the arrests of 48 individuals in the New York FX market.

“Although thousands of dealers, in centres all over the world, are conducting their daily business in a highly professional way and under the highest ethical standards, the fraudulent actions of these individuals, representing some of the most reputable institutions in the world, have cast a dark cloud over the entire industry,” reads the statement.

The statement calls upon authorities and the industry to cooperate even closer with ACI in further developing global standards for the industry.

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