Monday, February 06 2023

February 26, 2018

Govt released list of high risk financial institutions

Finance Ministry has released a list of around 9500 Non-Banking Financial high-risk financial institutions.In this list FIU is showing the names of these NBFCs which have been found non-compliant to the Prevention of Money Laundering. NBFCs and several rural and urban cooperative banks had come under the scanner of the Income Tax Department and the ED for illegally converting banned currency notes,after the demonetisation of high-value currency notes in November 2016.