Union Finance Minister Arun Jaitley. A list of 9,491 “high risk financial institutions” has been published by the Financial Intelligence Unit that functions under the Union Finance Ministry. (FILE) | Photo Credit: The Hindumore-inThe government has categorised about 9,500 non-banking financial companies (NBFCs) in the country as “high risk” prone as they had not complied with a stipulated provision of the anti-money laundering law. A list of 9,491 “high risk financial institutions” has been published by the Financial Intelligence Unit (FIU) that functions under the Union Finance Ministry. The activities of these institutions, post demonetisation, were under the scanner of the FIU, which published their names after analysing their data from various information sources.

Source: The Hindu February 26, 2018 15:22 UTC