– By Saloni Mathur (finserv@vinodkothari.com) Introduction Just when the NBFCs were grappling with the outburst of RBI’s Ombudsman Scheme which was proposed to come into effect from 23rd February, 2018, FIU-IND released the list of ‘High risk NBFCs’[1] (‘List’) on account of non-compliance with the Prevention of Money Laundering Act, 2002 (‘PMLA Act’)[2] and the … Continue reading Torrid time for NBFCs as FIU-IND lays down ‘High Risk’ classification