It's illegal operate an unlicensed currency exchange, and it's illegal for a licensed exchange to knowingly facilitate illicit transactions. If a licensed exch

It's illegal operate an unlicensed currency exchange, and it's illegal for a licensed exchange to knowingly facilitate illicit transactions. If a licensed exchange even suspects illicit activity, it must report it. Using financial transactions such as these in order to obfuscate and conceal illegal activity is money laundering. In this case, the guy whose job it was to report the activity as Chief Compliance Officer was materially involved in the illicit activity itself. According to the complaint, he was even a SR drug customer, so there's no way he can feign ignorance as to what was going on at SR.