Several global banks moved large sums of allegedly illicit funds -- to the tune of $2tn -- over a period of nearly two decades, despite red flags about the origins of the money, several media reports said on Monday (IST).

FinCEN documents show how global banks moved illicit funds despite red flags

Some banks and companies in Nepal are allegedly involved in transferring money obtained suspiciously from oversees, an investigation made by the Center for Investigative Journalism (CIJ), Nepal along with the International Consortium of Investigative Journalists (ICIJ) and BuzzFeed has revealed.

Nepal banks and companies helping China, Iran skirt US sanctions: FinCEN Files

Kenya plans to withdraw an old version of its 1,000 shillings ($9.88) banknote to tackle illicit financial flows and counterfeiting, its central bank governor said on Saturday.

Kenya to retire old 1,000 shilling banknote to stem illicit flows