Quote Originally Posted by ;
Not sure how exactly it violates AML. It will get the job done, although they may not be as rigorous as other businesses. I tried to perform a draw from account which never needed a local deposit, and I had been denied, though it had exactly the same email address and name on the account. No exceptions were created. I needed to move the money back to the same account I funded with.
Take a read of some AML/CTF legislation. Http://www.austrac.gov.au/aml_ctf.html

In case Instaforex is accepting cash deposits, they are involved in money laundering for the drug and prostitution commerce a well as being included in the finances of terrorism if they are aware of it or not.