380 market members violated anti-money laundering rules in FY15

Update: 2015-12-21 22:55 GMT
As many as 380 market entities, most of them stock brokers, faced action for failing to prevent possible money laundering and terror financing activities during the last fiscal. Discrepancies related to Anti-Money Laundering and Combating Financing of Terrorism (AML and CFT) regulations were observed against brokers and depository participants by two exchanges -- BSE and NSE -- as also depositories -- CSDL and NSDL, as per market regulator Sebi’s latest annual report.

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