This process, commonly referred to as 'layering' in money laundering schemes, allows the platform to mix illicit funds with legitimate transactions, making it difficult for the authorities to pin the money trail. OctaFX has nearly two crore users in India.
The ED said that layering obscures the origin of money and manage customer losses deceptively. Sources said that when customers face losses, companies like OctaFX may use their betting funds to issue payments / profits to maintain an illusion of financial gains, misleading them into believing that their investments are performing well. This tactic is temporary but prevents clients from becoming suspicious.
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