Kathmandu. KATHMANDU: The Securities Board of Nepal (SEBON) has slapped heavy penalties on three share brokers for violating anti-money laundering laws.
The Securities Board of Nepal (SEBON) has imposed financial penalty on Cipla Securities, Shree Krishna Securities and Hatemalo Financial Services as per clause (b) of sub-section (1) of Section 7F of the Prevention of Money Laundering Act, 2064.
The Securities Board of Nepal (SEBON) has imposed a fine of Rs 50 lakh on Cipla Securities and Rs 30 lakh each on Shree Krishna Securities and Hatemalo Financial Services.
