In order to safeguard Indian markets from money laundering and terror financing risks from Iran, watchdog Sebi has asked market players to be cautious in dealing with entities and funds from that country. The warning has been issued to stock exchanges and other market intermediaries by Sebi through a circular, containing a global financial market caution notice on Iran by the Financial Action Task Force (FATF).

FATF is an inter-governmental body responsible for making policies at national and international levels to combat money laundering and terror financing.

The stock exchanges, in turn, have asked brokers to ensure compliance with the Sebi circular.

As per the warning, all the financial institutions have been advised “to give special attention to business relationships and transactions with Iran, including Iranian companies and financial institutions.


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