It is good that SEBI has woken to terror money landing in Indian financial market and it has sent a circular to NSE and BSE to keep watch on money coming from Iran, North Korea.Sebi has sent to the bourses a global caution notice against the two countries from FATF (Financial Action Task Force), an inter-governmental body that makes policies to combat money laundering and terror funding.The FATF warning was issued on February 25, 2011, where it asked its member countries "to apply counter-measures to protect the international financial system from the ongoing and substantial money laundering and terrorist financing risks emanating from Iran and the Democratic People's Republic of Korea (DPRK)".
It is better that we undertake the actions with diligence as each one of us has to act as eyes and ears of the govt to nip the evil of terrorism in the bud and together we can all achieve the same to make India a force to reckon with and we have already arrived on the global scene. we commend the effort of taking the step and it will go a long way in making India a healthy economy.
