Question

In the question given below, a passage is given followed by three statements which may or may not be inferred from the passage. Select the correct combination of statements that can be inferred. Passage: In 2020, the FinCEN Files leak uncovered thousands of secret suspicious activity reports from financial intelligence networks, detailing how major international banks processed trillions of dollars in illicit transactions. The documents highlighted how financial institutions facilitated money laundering for criminal syndicates, corrupt officials, and sanctions evasions across multiple jurisdictions. The exposure triggered parliamentary inquiries in Europe and prompted regulatory sanctions against several major financial institutions. However, not all transactions flagged in the leak were illegal, as financial institutions are required to report any transaction that appears suspicious, regardless of whether wrongdoing is ultimately proven. Financial analysts noted that while public scrutiny temporarily intensified, global money laundering networks adapted rapidly by migrating to less regulated digital asset platforms. Statements :
I. The leak led to an immediate elimination of international money laundering networks.
II. Some of the transactions flagged in the leaked reports did not constitute illegal acts.
III. The revelations resulted in heightened regulatory and official investigation into banking networks.

A Only I
B Only II and III
C Only I and III
D Only III
E All I, II, and III
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