Sebi has enhanced surveillance for possible money laundering activities in capital markets to thwart any attempts by listed companies and intermediaries to launder investors’ money or bring in foreign funds for polls. The country will witness general elections next year, while the process of five assembly elections is already underway and would be completed by next month. While robust surveillance and intelligence systems are already in place for detection and prevention of any kinds of money laundering activities in capital markets, a senior official said that regulators are being extra watchful because of elections being typically known as periods of increased illicit fund flows.
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