FinMin puts out list of 9500 high-risk finance companies

Financial Intelligence Unit (FIU) has released a list of around 9500 Non-Banking Financial Companies (NBFCs), which have been categorised as high-risk financial institutions.  The FIU under the Finance Ministry has released the list on its website showing the names of these NBFCs which have been found non-compliant to the Prevention of Money Laundering Act rules.  As per the PMLA, all NBFCs have to appoint a principal officer in the financial institutions and report all suspicious and cash trans...