Premium Only Content
![RBI cracks down on illegal forex trading](https://1a-1791.com/video/s8/6/K/m/p/V/KmpVo.qR4e.jpg)
RBI cracks down on illegal forex trading
The Reserve Bank of India (RBI) is in talks with banks and the government for more stringent measures to ensure that banking channels are not misused for illegal forex trading.
In a letter to all stakeholders last month, the RBI sought suggestions on the matter and also urged them to create greater public awareness.
Earlier this year, the Directorate of Enforcement arrested two businessmen in connection with illegal activity.75 entities in alert list so farThe investigations revealed that the Kolkata-based accused controlled and managed 180 bank accounts, from which Rs 120 crore was seized.
"There would be far more scrutiny by banks on account holders making forex transactions on non-authorised platforms, including apps," said one of the officials who didn't want to be named. "The regulator wants lenders to further ensure that Know Your Customers (KYC) norms for all parties in such transactions are strictly followed."
-
UPCOMING
Space Ice
4 hours agoSpace Ice & Redeye: Seagal's Born To Raise Hell & Movie Ideas Feat Alex Lantz
412 -
UPCOMING
The StoneZONE with Roger Stone
26 minutes agoCliff Maloney Defends Elon Musk as Liberal Heads EXPLODE over DOGE | The StoneZONE w/ Roger Stone
1 -
1:14:39
Redacted News
4 hours agoBREAKING! Trump's Gaza Ceasefire in Trouble, Peace in Ukraine Imminent | Redacted w Clayton Morris
103K98 -
Dr Disrespect
8 hours ago🔴LIVE - DR DISRESPECT - THE SHOTTY BOYS - WARZONE CHALLENGE
159K18 -
57:12
Candace Show Podcast
4 hours agoJudge Slaps Down Blake Lively. Colleen Hoover Returns. | Candace Ep 146
92.5K61 -
1:02:51
LFA TV
1 day agoDEEP STATE ATTEMPTS TO SABOTAGE DOGE | BASED AMERICA 2.12.25 6PM
19.6K6 -
LIVE
Michael Feyrer Jr
2 hours agoGet Your Live Streaming Questions Answered! LIVE
192 watching -
LIVE
2 MIKES LIVE
2 hours ago2 MIKES LIVE #179 News Breakdown Wednesday!
220 watching -
DVR
The Based Mother
7 hours agoAGENDA 47 & THE BORDER CRISIS - Is Trump keeping his campaign promises? Elena breaks it down.
6.38K -
2:03:51
Melonie Mac
4 hours agoLet's Watch Playstation State of Play
23.7K6