Axis Bank Facilitates Banned Banknote Money Laundering In India
Criminals rely on banks to facilitate money laundering, and will not go through the trouble of buying and selling Bitcoin to do so. The banknote ban in India is causing some rather unexpected results. Axis Bank’s Noida branch suffered from a similar incident as what happened to Wells Fargo customer not took long ago. Bank employees opened fictitious bank accounts to deposit a lot of money, allowing them to bypass the current demonetisation plans. Banks remain the perfect partner in crime to get illegal funds into the formal system. This news related to Axis Bank took quite a lot of people....
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