IFSCA on 26 October, 2023 has issued Modifications under the International Financial Services Centres Authority (Anti Money Laundering, Counter-Terrorist Financing and Know Your Customer) Guidelines, 2022. Financial Groups are required to implement Group-wide programmes for the purpose of discharging obligations under the provisions of Chapter-IV of the Act, Rules and Guidelines including group- wide policies and procedures for sharing of information required for the purpose of CDD and ML/TF risk management.
Measures for encouraging 5G innovation
The programme, supported by a ₹1.5 crore budget, covers seed funding, IPR assistance, mentorship, and operational costs. It aims at developing over 50 scalable 5G