<h1>ED Probes 50 Bank Branches for Money Laundering and Hawala Post-Demonetisation, Targets Major Cities Nationwide.</h1> The Enforcement Directorate (ED) initiated an investigation at over 50 bank branches nationwide to uncover potential money laundering and hawala transactions following demonetisation. The operation targeted both private and public sector banks in major cities such as Delhi, Mumbai, and Bengaluru. Armed with data from financial intelligence agencies, ED teams, alongside banking auditors, scrutinized transaction records and account statements. The focus was on deposits of old notes and significant cash deposits post-November 8, raising suspicions of illicit activities. This action follows recent arrests and searches related to financial crimes under the Prevention of Money Laundering Act and Foreign Exchange Management Act.