Finance Ministry issues list of 9500 high-risk firms

NewsBharati    26-Feb-2018
Total Views |

New Delhi, February 26: A list comprising of 9,500 Non-Banking Financial Companies deemed as high-risk firms have been issued by the Financial Intelligence Unit (FIU) today.

The FIU under the Finance Ministry has released the list on its website showing the names of these Non-Banking Financial Companies (NBFCs) which have been found non-compliant to the Prevention of Money Laundering Act rules.

As per the PMLA, all NBFCs have to appoint a principal officer in the financial institutions and report all suspicious and cash transactions of over ten lakh rupees to the FIU. But, these companies have been found not following these rules as on the 31st of January this year.

Some of the firms named in the list are: Adani Capital Pvt Ltd, Anand Corporate Holdings Pvt Ltd, Arihant Udyog Ltd., Asian Financial Services Ltd, Eros Merchants (P) Ltd and Indigo Fincap Pvt Ltd. The above firms have also been non-compliant under the PMLA.

Click Here to know the names of these 9,500 identified NBFCs == http://fiuindia.gov.in/pdfs/quicklinks/High%20Risk%20NBFCs%20as%20on%2031.01.2018.pdf

Finance Ministry Financial Intelligence Unit Prevention Of Money Laundering Act Demonetisation RBI PMLA NBFC FIU High Risk Bank