LeapRate has learned that a police sting in Cyprus has led to the arrest of an employee of one of the Limassol-based retail FX brokers. The employee – a 36-year old woman – was caught by police in Cyprus after a brief police ‘sting’ operation. Cyprus police were contacted by a senior manager at the broker, after the manager became suspicious of the employee. The manager and the broker’s IT experts first checked the employee’s computer, and were able to conclude that the employee had copied certain client information onto a flash drive. The broker then contacted police, who were able to determine (after quietly ... (full story)