Under the Finance Ministry, this was set up in 2004 as the nodal agency for receiving, analyzing and disseminating information relating to suspect financial transactions. How does FinCEN Files build on Panama Papers, Paradise Papers and the series of offshore leaks? Click here to join our channel (@ieexplained) and stay updated with the latestWhat leads could FinCEN files give investigators in India? There are details of banking transactions that give a clear indication of round-tripping, money laundering or dealings with shell-like entities. ICIJ has partnered with a team of news organisations, to investigate the secret world of banks and money laundering.

Source: Indian Express September 20, 2020 19:38 UTC