The International Financial Services Centres Authority on 3rd November 2022, directed the IFSC Banking Unit (IBU) to follow the International Financial Services Centres Authority (Anti Money Laundering, Counter-Terrorist Financing and Know Your Customer) Guidelines, 2022 ( “IFSCA KYC guidelines”) with immediate effect. IBUs are also advised that guidelines/circulars of the domestic financial sector regulators on the issues covered by the IFSCA KYC guidelines shall cease to apply with immediate effect.
The guidelines shall be applicable to every Regulated Entity which is licensed, recognized or registered by International Financial Services Centres Authority (IFSCA) and also to the Regulated Entities authorized by it, to the extent specified.
