Ahead of FATF check, RBI bans 19 forex dealers

In a move that seeks to ensure India’s compliance with Financial Action Task Force norms on money laundering, Reserve Bank of India cancelled licences of 19 big foreign exchange dealers who allegedly issued huge foreign currencies in cash to some high net-worth individuals.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2GV2wHp