Kathmandu. The Securities Board of Nepal (SEBON) has warned 11 brokers and capitals not to comply with the rules.
Sebon has warned these brokers and capitals for not complying with the provisions of Section 18 (1) of the Directive on Prevention of Money Laundering and Financing of Terrorist Activities, 2076 BS. Bluechip Securities, Property Wizard, Stockskarts Securities, Sumeru Securities, Roadshow Securities, Sagarmatha Securities, Infinity Securities, Magnet Securities and Investment Company, Elite Merchant Capital, Reliable Investment and Merchant Capital and Reliable Venture Capital have been alerted.
These brokers and capitals have been alerted in writing in accordance with clause (a) of Sub-section (1) of Section 7A of the Money Laundering Act, 2064 BS.
