March 31 2019
The 2016 demonetisation of two high-value currencies has led to an all-time high generation of over 140,000 suspicious transaction reports (STRs), a record 1,400 per cent jump over the past, by banks and other financial institutions in the country, a latest FIU report has found.
The elite financial snooping unit of the country has compiled comprehensive data of such instances, including fake currency deposits, for the year 2017-18.
This is the highest-ever figure of STRs since the FIU first started the regime over a decade ago.