SEBON Issues Directive against Money Laundering and Terrorist Activities

Apr 13, 2018 Merolagani

Securities Board of Nepal (SEBON) is enforcing a directive to check and control financial investment in money laundering and terrorist activities from Saturday.

Under the mechanism, companies dealing with stocks require to inform ' Financial Information Unit (FIU)' at Nepal Rastra Bank (NRB) about stock trading exceeding Rs one million per day. Moreover, the companies must inform about suspicious transactions in the secondary market to FIU.

 


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