Sebi warns market entities against Taliban, Al-Qaeda funds
14 July 2014 10:56 PM GMT
To safeguard Indian markets from terrorist financing risks, regulator Sebi has issued fresh warnings to stock exchanges and other entities to caution them against Taliban and Al-Qaeda linked organisations and individuals, including India’s most wanted Dawood Ibrahim.
The circulars containing ‘United Nations Security Council’s Taliban and Al-Qaeda sanctions list’ have been issued by the Securities and Exchange Board of India (Sebi) to depositories and the stock exchanges, which in turn have asked other market entities, including brokers, to take note of these updated lists and ‘ensure compliance with the same’.
When contacted, senior officials and top market executives said that there have been no major instance of any entities linked to these groups having found to be trading in the Indian markets in recent past but the regulations and global standards require a constant vigil for such cases.
The circulars containing ‘United Nations Security Council’s Taliban and Al-Qaeda sanctions list’ have been issued by the Securities and Exchange Board of India (Sebi) to depositories and the stock exchanges, which in turn have asked other market entities, including brokers, to take note of these updated lists and ‘ensure compliance with the same’.
When contacted, senior officials and top market executives said that there have been no major instance of any entities linked to these groups having found to be trading in the Indian markets in recent past but the regulations and global standards require a constant vigil for such cases.
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