High Risk Jurisdictions List
'Still raw': Has Umran Malik been fast
The new management and regional structure, which is part of a global realignment, South & South East Asia, Middle East & Africa region, has been put in effect to boost new business growth in existing
US, European banks divided over 'high-risk jurisdiction' list of nations
Sebi had asked global custodians to draft a list of high-risk jurisdictions
 "US, European banks divided over 'high-risk jurisdiction' list of nations")
Sebi allows custodians to draw up their own high-risk jurisdictions lists
In a retreat from its earlier stance, the Securities and Exchange Board of India (Sebi) has asked the custodians to draw up their own lists of high-risk jurisdictions in lieu of a single, common list as envisaged earlier.In a meeting with custodians last week, the regulator told the custodians that they could follow their own processes to identify the high-risk jurisdictions, provided the list is reviewed periodically and the regulator is kept in the loop regarding the same.This could imply that high-risk jurisdictions such as Mauritius - a major source for FPI funds and which was included in the common list of 25 high-risk regions prepared a few weeks ago - may now be excluded by some custodians. Other high-risk jurisdictions that were part of the earlier list include British Virgin Islands, China, Cayman Islands, Cyprus, and the UAE."Sebi told the custodians that not having a common list is okay as long as all custodians prepared a list and apprised the regulator about the same," ...
 "Sebi allows custodians to draw up their own high-risk jurisdictions lists")
