A worker walks past the logo of Reserve Bank of India inside its office in New Delhi, India July 8, 2019. REUTERS/Anushree Fadnavis/File Photo
In a bid to stop money laundering, the Reserve Bank of India said investors from non-FATF compliant jurisdictions would not be treated on a par with those from other countries or regions. The move comes days after the central bank had proposed tighter, bank-like regulation of the so-called shadow lending sector to prevent the turmoil caused by the collapse of an infrastructure financing firm in 2018.
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