Date:19/01/2006 URL: http://www.thehindubusinessline.com/2006/01/19/stories/2006011902690100.htm

Back `Check money laundering'

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MUMBAI, Jan. 18

SEBI on Wednesday asked market intermediaries to put in place a proper mechanism in a month's time to check money laundering as per the Ministry of Finance guidelines.

A notification was issued to stock exchange intermediaries including stock brokers, sub-brokers and depositories for depository participants, requiring them to seek additional information from clients and put a check on suspicious transactions.