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 Why we still go money exchange? When got ATM

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silverhawk
post May 3 2023, 09:36 AM

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QUOTE(Skylinestar @ May 3 2023, 09:02 AM)
Real question: Why money changer has better rates than bank?
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Higher operational costs, stricter regulatory compliance/audits, etc.


silverhawk
post May 3 2023, 09:54 AM

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QUOTE(Skylinestar @ May 3 2023, 09:45 AM)
If money changer not subjected to tight regulation and audit, it looks like a good place to keluarpattern and do illegal shit.

I have seen many money changers that operate for a few months and close shop. Dunno why.
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Money changers are mostly ran by triads and also the place for money laundering. Its an open secret.

 

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