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.