FinCEN Files — One more veil lifts: Suspicious bank transactions of Indians are red-flagged to top US regulator

In a majority of cases, domestic branches of Indian banks have been utilised to receive or remit the funds; in some cases, bank accounts with foreign branches of Indian banks, too, have been used to carry out these transactions.

Layer by layer, the secrecy that shrouds international money flows involving Indians has been unpeeled — beginning with the Offshore Leaks in 2013, Swiss Leaks in 2015, Panama Papers in 2016, and Paradise Papers in 2017, in a series of investigations by The Indian Express. Now comes the FinCEN…