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NBFCs under North Block scanner for anti-money laundering law breach

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A Hyderabad-basically based infra neighborhood, a Mumbai-basically based NBFC backed by a number one pharma company, and an NBFC owned by a Kolkata-basically based steel company are among the many entities served with these notices, these sources told ET.

Synopsis

Two folks with explain files of the matter told ET that under scrutiny are NBFCs web site up by mountainous family commerce teams, basically to cater to the debt wants of their neighborhood firms and related occasions.

Mumbai: Transactions basically engaging related occasions at family-owned non-monetary institution lenders absorb arrive under the scanner of North Block, with a central department sending notices to about half of a dozen such entities currently for alleged breach of anti-cash laundering laws.Two folks with explain files of the matter told ET that under scrutiny are NBFCs web site up by mountainous family commerce teams, basically to cater to the debt wants of their neighborhood

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