FAKE CURRENCY
Banks received highest ever fake currency after Demonetisation:
The banks,including those in the private,public and cooperative sectors and other financial institutions collectively generated 400 per cent more suspicious transaction reports(STRS) at over 4.73 lakhs such dossiers during 2016-2017,the report said.
New Delhi:The country's banks received all-time high amount of fake currency and detected an over 480 percent jump in suspicious transactions post demonetisation,a first-ever report on dubious deposits made in the wake of the 2016 notes ban has revealed.
The Financial Intelligence Unit(FIU),that analyses suspicious financial transactions pertaining to money laundering and terror financing as part of the union Finance ministry establishment,reported that counterfeit currency transactions in the banking and other economic channels witnessed an increase by over 3.22 lakh instances during 2016-2017 as compared to the last year.
The banks,including those in the private,public and cooperative sectors and other financial institutions collectively generated 400 per cent more suspicious transaction reports(STRS) at over 4.73 lakhs such dossiers during 2016-2017,the report said.
New Delhi:The country's banks received all-time high amount of fake currency and detected an over 480 percent jump in suspicious transactions post demonetisation,a first-ever report on dubious deposits made in the wake of the 2016 notes ban has revealed.
The Financial Intelligence Unit(FIU),that analyses suspicious financial transactions pertaining to money laundering and terror financing as part of the union Finance ministry establishment,reported that counterfeit currency transactions in the banking and other economic channels witnessed an increase by over 3.22 lakh instances during 2016-2017 as compared to the last year.
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