Sebi inspects brokers on terror funding

Sebi inspects brokers on terror funding

Sebi inspects brokers on terror funding

Stepping up its fight against money laundering and terror funding through capital markets, Sebi inspected more than 200 stock brokers and sub-brokers during the last fiscal to check any possible non-compliance.

This marks a significant jump from total 81 brokers and sub-brokers on whom such inspections were carried out during the previous fiscal 2011-12.

Without disclosing the names of the entities inspected, Sebi has said it carried out 162 stock brokers and 39 sub-brokers in 2012-13, up from 69 brokers and 12 sub- brokers during the previous year.

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