Investors see hope in FIU order on NSEL
In a penalty order, which some investors say is as significance as that of the Forward Markets Commission (FMC) order in December 2013, the Financial Intelligence Unit –India (FIU) has found National Spot Exchange (NSEL) guilty of several violations of anti-money laundering law. The black money watchdog has slapped a penalty of Rs 1.66 crore for several counts of violating the provisions of Prevention of Money Laundering Act (PMLA).
Comment Here