IFSCA vide circular dated 14th March 2024 has provided clarification regarding Registration on FIU-IND FINNET 2.0 portal for compliance with International Financial Services Centres Authority (Anti Money Laundering, Counter-Terrorist Financing and Know Your Customer) Guidelines, 2022.
All regulated entities are required to immediately complete their registration on FIU-IND FINNET 2.0 portal. The non-registration with FIU-IND by any regulated entity shall be construed as contravention of the provisions of the respective IFSCA regulations or circulars or guidelines or directions or instructions issued thereunder.
The Regulated Entities which have been granted more than one license / registration / recognition / authorisation by the International Financial Services Centres Authority (‘IFSCA’) for different line of business (‘LoBs’), shall have to mandatorily register all LoBs in FINNET 2.0 portal. The license/ registration/recognition/ authorization number (issued by IFSCA) of the primary revenue-generating business of the RE may be used as the RE Registration Number at the time of registering on the FINNET 2.0 portal.
The Regulated Entities which have completed registration on FINNET 2.0 portal and have been granted more than one license / registration / recognition / authorisation by the IFSCA for different LoBs, shall also update the same on FINNET 2.0 portal.
