July 16, 2014
The Securities and Exchange Board of India (SEBI) has issued crisp warnings to stock trades and different elements to defend Indian markets from terrorist financing dangers.
A PTI report says, SEBI has advised stock trades against Taliban and Al-Qaeda interfaced associations and people, including India's most needed Dawood Ibrahim.
The handouts holding United Nations Security Council's Taliban and Al-Qaeda assents rundown have been issued by the controller to stores and stock trades, which thus have asked other business sector elements, including intermediaries, to observe these overhauled records and guarantee consistence with the same.
Senior authorities and top business sector executives said that there have been no real occurrence of any substances interfaced to these gatherings having discovered to be exchanging the Indian advertises in later past however the regulations and worldwide gauges oblige a steady vigil for such cases.
The most recent roundabout in this respect was issued by SEBI to the National Stock Exchange on seventh of this current month, wherein the controller has educated the trade about the changes that have been made to the Taliban and Al-Qaeda approvals records. Comparative brochures have been issued to Bombay Stock Exchange as additionally to the two stores NSDL and CDSL.
The principal rundown include people, as additionally elements and different gatherings and endeavors connected with Taliban, while the second rundown comprises of those connected with Al-Qaeda.
Under the Combating Financing of Terrorism commitments, SEBI has regulated all enrolled business elements that before opening any new record, it will be guaranteed that the names of the proposed client does not show up in the overhauled approvals arrangements of the UN Security Council.
A PTI report says, SEBI has advised stock trades against Taliban and Al-Qaeda interfaced associations and people, including India's most needed Dawood Ibrahim.
The handouts holding United Nations Security Council's Taliban and Al-Qaeda assents rundown have been issued by the controller to stores and stock trades, which thus have asked other business sector elements, including intermediaries, to observe these overhauled records and guarantee consistence with the same.
Senior authorities and top business sector executives said that there have been no real occurrence of any substances interfaced to these gatherings having discovered to be exchanging the Indian advertises in later past however the regulations and worldwide gauges oblige a steady vigil for such cases.
The most recent roundabout in this respect was issued by SEBI to the National Stock Exchange on seventh of this current month, wherein the controller has educated the trade about the changes that have been made to the Taliban and Al-Qaeda approvals records. Comparative brochures have been issued to Bombay Stock Exchange as additionally to the two stores NSDL and CDSL.
The principal rundown include people, as additionally elements and different gatherings and endeavors connected with Taliban, while the second rundown comprises of those connected with Al-Qaeda.
Under the Combating Financing of Terrorism commitments, SEBI has regulated all enrolled business elements that before opening any new record, it will be guaranteed that the names of the proposed client does not show up in the overhauled approvals arrangements of the UN Security Council.
