IFSCA has issued IFSCA (Book-keeping, Accounting, Taxation, and Financial Crime Compliance Services) Regulations, 2024 on June 6, 2024. The BATF regulations establish a comprehensive regulatory framework for providing book- keeping, accounting, taxation, and financial crime compliance services from the IFSC.
The inclusion of financial crime compliance services under these regulations will open new opportunities for promotion of AML/CFT compliance services and contribute towards the development of a vibrant financial market ecosystem in GIFT IFSC.
The BATF Regulations provide a unique opportunity for firms to offer book- keeping, accounting, taxation, and financial crime compliance services to non-resident clients in an efficient and seamless manner from GIFT IFSC.
