Directive to Curb Money Laundering in Stock Market in Offing

Sep 15, 2019 02:21 PM Merolagani

A new directive regarding money laundering in the securities market is in the offing. As per the proposed mechanism, trading above Rs 2.5 million will be deeply scrutinized.

According to the directive issued by Company Registrar Office, trading up to Rs 2.5 million at once or up to Rs 10 million at multiple times will be monitored. However, investors are required to reveal the source of income for trading above Rs 1 million.

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