FinCEN files: Major Indian banks figure in suspicious transactions list

Banks say they themselves red-flagged the transactions to RBI, authorities

Premium

Illustration: Ajay Mohanty

Mumbai

3 min read Last Updated : Sep 21 2020 | 10:40 PM IST

Between 2010 and 2017, several transactions went through Indian banks that were flagged as top-secret ‘Suspicious Activity Reports’ or SARs by the US Treasury Department’s Financial Crimes Enforcement Network (FinCEN)

Topics : Indian Banks Standard Chartered Bank sbi DBS Bank IndusInd Bank

First Published: Sep 21 2020 | 12:27 PM IST

Explore News

Stock Market Updates World Heart Day 2023 Asian Games 2023 Kabaddi schedule Latest News Live Asian Games LIVE updates India Cricket World Cup Squad Hookah Ban in Haryana Gold-Silver Price MCX Share Price Asian Games 2023 September 30 schedule

Companies News

Air India completes acquisition of its 1st A350 aircraft through GIFT City Jalan Kalrock Consortium infuses Rs 100 crore in cash-strapped Jet Airways

Sports News

Asian Games 2023 September 30 schedule: India event timings, streaming Asian Games Day 6 Highlights: Historic shot put medal push IND tally to 33

India News

Punjab farmers continue three-day 'rail roko' agitation over MSP demand War in Ukraine pushes India to obtain more self-propelled guns to arsenal

Economy News

Adani partnership remains steadfast: IHC on Adani units' stake sale Sugar market eyes restrictions from India after lower monsoon rains

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Continue

FinCEN files: Major Indian banks figure in suspicious transactions list

Banks say they themselves red-flagged the transactions to RBI, authorities

Also Read

Operating buffers of top five banks to fall 15%, says India Ratings

Covid-19 crisis: Indian banks operating in UK cautiously optimistic

Banks face operational hurdles in implementing 90-day loan moratorium

SBI, Indian Bank: These PSB stocks are likely to rise, show charts

Even with Covid, our fresh slippages will be in control: SBI chairman

BBB recommends 13 names for appointment as executive directors in PSU banks

Troubled debt: Cracks emerge in India Inc's loan recast plans over ICAs

Banks not asked by RBI to raise capital to brace for possible NPAs: Thakur

New external MPC members to be announced by Sept 28; extension ruled out

PSBs report 2,867 cases of frauds worth Rs 19,964 cr in April-June qtr: RBI

Explore News