RBI issues an Alert List of entities not

Sep 07, 2022 | by TeamLease RegTech Legal Research Team

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Industry Specific Compliance The Reserve Bank of India (RBI) on September 07, 2022, cautioned the public not to undertake forex transactions on unauthorised electronic trading platforms (ETPs) or remit/deposit money for unauthorised forex transactions.

It also issues an Alert List of entities that are neither authorised to deal in forex under the Foreign Exchange Management Act, 1999 (FEMA) nor authorised to operate electronic trading platforms for forex transactions.

The Alert List is not exhaustive and is based on what was known to RBI at the time of this Press Release.

[Notification No. 2022-2023/835]

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