To safeguard Indian markets from money laundering and terror financing risks from Iran, the Securities and Exchange Board of India (Sebi) has advised market players caution in dealing with entities and funds from that country.
The warning has been issued to stock exchanges and other market intermediaries by Sebi through a circular, containing a global financial market caution notice on Iran by the financial action task force (FATF).
FATF is an inter-governmental body responsible for making policies at national and international levels to combat money laundering and terror financing.
