Allegedly illegal foreign exchange transactions at a Bank of Baroda (BoB) branch in New Delhi are likely to prompt the central bank to tighten anti-money laundering norms. Sources at the Reserve Bank of India (RBI) say systemic implications have been ruled out. The government-owned lender has already suspended two officials, while the Central Bureau of Investigation (CBI) is carrying out searches at many other branches of the bank. The allegedly illegal transactions came to light after BoB noticed its Ashok Vihar branch in the national capital had unusually heavy foreign exchange transactions. Between May 2014 and August 2015, 5,853 outward foreign remittances, amounting to Rs 3,500 crore, primarily for “advance remittances for import” were recorded. In a communication to stock exchanges, the bank said the funds were transferred through 38 current accounts to foreign parties, numbering 400, primarily based in Hong Kong, and one in the UAE. BoB: Anti-money laundering norms may