May 2 2018
Markets regulator Sebi on Wednesday imposed a penalty of Rs 1.1 million (Rs 11 lakh) on A C Choksi Share Brokers for non-compliance with anti-money laundering policy, segregation of funds and settlement of running account of clients.
Sebi had conducted an inspection of books of accounts of A C Choksi during February-March 2015 to examine the compliance of certain requirements in respect of anti-money laundering compliance, segregation of funds and securities among others.