George R604_ O’Neil#51

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What is the role of compliance officers in forex firms?

Compliance officers ensure that forex firms follow laws, regulations, and internal policies. Their duties include monitoring client onboarding (AML/KYC), trade reporting, best execution oversight, and staff conduct. Benefits: reducing legal and reputational risk. Risks: compliance costs and operational delays. For institutions, compliance officers act as both protectors and enforcers. For retail traders, visible compliance (e.g., regulators, segregated funds, compensation schemes) signals safer brokers. Compliance isn’t just bureaucracy—it is essential infrastructure keeping markets trustworthy. Traders should appreciate compliance as the unseen shield against fraud and abuse.