Money laundering with Forex

It seems to me very feasible to launder money with forex - anybody knows what are the sums of dirty money in the business?
It has to be the new casinoes for the 21st century.
How do goverments enforce anti-laundering laws?

I think it will be the same concept in all anti-money laundering processes. They will just investigate the origin of the money.

Although this seems very simple, but it's the only method in my opinion.

Another point to make clear in the forex market, you can't launder a large amount of money without being noticed. Since the forex market is originally a place for the big players, and these big players are mainly financial institutions, central banks, large multi-national companies, importers & exporters, hedge funds and a sum of wealthy investors, any small trader which shows up will be easily identified.

For example, if someone is laundering money, he will not go and open an account using his $50,000 which were earned by illegal business. On the contrary, he will want to deposit a larger sum, which in my opinion won't be less than $1M at least, or it won't be feasible for him.

Now the fact is that individual accounts that start with large amounts of money will be noticed by brokers and regulators and for sure will be investigated and tracked for possible money laundery acts.

I'm not sure you're right. Think of it - first of all you can open several different accounts on each broker - you can cover some ten or more brokers - none of them you need to see face to face, everything is done online. So you could open just many accounts with little money on each one - then make it as if you lose on some and win on others (through hedging from different accounts) - so you make your money legit with the only payment made to the brokers (the spread).

I didn't say it is not possible. I just said that the only way in my opinion is to track the origin of the money, and that's how all anti-money laundering investigations occur.

Yes, one can open several accounts in several countries and start trading. With a relatively small amount of money to be laundered, it can happen, but even a small amount of money to be laundered is still high to most people. I am not sure about this, but I think that people looking to launder their money are looking to launder sums between $10M up to $500M or so.

A person who is looking to launder a $1M would be an idiot because investigators won't spend time to track his $1M with an 80% possibility that they will get nothing.

some off shore companies like in BVI Seychelles or several others are accepting any kindof 3rd party transfers without any KYC or source of fund. they r also giving the exact quote with live streaming prices without much spread diff. so isnt it possible for a trader to launder it in that way. to place orders with dirty money. i think it is..