Kathmandu. The Securities Board of Nepal (SEBON) has taken action against three brokers.
The Securities Board of Nepal (SEBON) has taken action against Cipla Securities, Shree Krishna Securities and Hatemalo Financial Services for violating anti-money laundering provisions. The Securities Board of Nepal (SEBON) has imposed financial penalties on all three brokers.
According to the Securities Board of Nepal, action has been taken against the brokers as per clause (b) of sub-section (1) of Section 7F of the Prevention of Money Laundering Act, 2064. The court imposed a fine of Rs 50 lakh on Cipla Securities and Rs 30 lakh each on Shree Krishna Securities and Hatemalo Financial Services.
