February 26 2018
The Financial Intelligence Unit (FIU) under the finance ministry has released a list of nearly 9500 non-banking financial companies (NBFCs) which have been categorised as ‘high risk financial institutions’. The list released by FIU-India on its website shows the names of NBFCs which have been categorised ‘high risk’ and found non-compliant to the Prevention of Money Laundering Act (PMLA) rules as on January 31.
