illegal forex trading; currency arbitrage
Tone colorsmāmámǎmàma
Meanings
1 sense · 4 examplesverb
to engage in illegal foreign exchange arbitrage; to evade foreign exchange controls by illegally trading or transferring foreign currency
formalLegal/financial term describing the illegal circumvention of state foreign exchange controls. Distinct from legitimate arbitrage (套利).
Tā他
yīn因
táo套
huì汇
bèi被
hǎi海
guān关
chǔ处
yǐ以
zhòng重
fá罚
。
He was heavily fined by customs for illegal foreign exchange trading.
Táo套
huì汇
xíng行
wéi为
yán严
zhòng重
rǎo扰
luàn乱
jīn金
róng融
zhì秩
xù序
。
Illegal forex arbitrage seriously disrupts financial order.
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Zhè这
jiā家
gōng公
sī司
shè涉
xián嫌
táo套
huì汇
，
mù目
qián前
zhèng正
zài在
jiē接
shòu受
diào调
chá查
。
This company is suspected of illegal forex dealings and is currently under investigation.
Tā他
tōng通
guò过
dì地
xià下
qián钱
zhuāng庄
táo套
huì汇
，
zhuǎn转
yí移
le了
dà大
liàng量
zī资
jīn金
。
He used underground banks to conduct illegal forex transfers, moving large sums of money.