The International Financial Services Centres Authority (IFSCA), through Circular No. IFSCA-DAC/7/2024-AMLCFT dated 03 August 2026, modified the International Financial Services Centres Authority (Anti Money Laundering, Counter-Terrorist Financing and Know Your Customer) Guidelines, 2022, issued under the IFSCA Act, 2019 and the Prevention of Money-Laundering (Maintenance of Records) Rules, 2005. The amendments include insertion of a reference to rule 8 in clause 10.3, revision of the Guidance Note to require regulated entities to file all reports online through the FINgate 2.0 portal using resources available on the FIU-India website, inclusion of Cross Border Wire Transfer Reports (CBWTRs) in specified reporting provisions, and substitution of explanations relating to IP address requirements and onboarding of low-risk Non-Resident Indian customers through V-CIP. The revised provisions specify that resident Indian customers’ IP addresses must emanate from India, while Non-Resident Indian customers’ IP addresses may emanate from India or specified jurisdictions, subject to those jurisdictions not being identified by FATF or the Central Government as high-risk. The list of permitted jurisdictions includes the United States, Japan, South Korea, the United Kingdom (excluding British Overseas Territories), Canada, UAE, Singapore, Australia and the European Union.
INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY
Circular No. IFSCA-DAC/7/2024-AMLCFT | Dated: 03 August 2026
To
All Regulated Entities in the International Financial Services Centres
Subject: Modifications under the International Financial Services Centres Authority (Anti Money Laundering, Counter-Terrorist Financing and Know Your Customer) Guidelines, 2022.
Sir/Madam,
A. Reference is drawn to the International Financial Services Centres Authority (Anti Money Laundering, Counter-Terrorist Financing and Know Your Customer) Guidelines, 2022 (hereinafter referred as ‘Guidelines’) issued vide notification IFSCA/2022-23/GN/GL001 dated October 28, 2022, and updated as on February 26, 2026.
B. In exercise of the powers conferred under Section 12 r/w Section 13 of the International Financial Services Centres Authority Act, 2019, and sub-rule (14) of Rule 9 of Prevention of Money-Laundering (Maintenance of Records) Rules, 2005, the Authority hereby specifies the following modifications to the Guidelines:
(1) In sub-clause (2) of clause 10.3. of the Guidelines, after the words ‘rule-7’ and before the words ‘thereof’, the following shall be inserted, namely: –
“and rule-8”;
(2) The point (1) of Guidance Note to clause 10.3. of the Guidelines, shall be substituted with the following, namely: –
“(1) The user manuals and reporting format guide are available on FIU-India’s website https://fiuindia.gov.in under “FINnet 2.0 resources for RE”. The Regulated Entities shall file all reports online only at the FINgate 2.0 portal ( https://www.fingate.gov.in ) ”
(3) In item (ii) of sub-point (a) of point (5) of the Guidance Note to clause 10.3. of the Guidelines, after the word “The” and before the words “Non-Profit Organization Transaction Reports (NTRs)” the following shall be inserted, namely: –
“Cross Border Wire Transfer Reports (CBWTRs) and the”.
(4) In item (iii) of sub-point (a) of point (5) of Guidance Note to clause 10.3. of the Guidelines, after the word “of” and before the word “STR” the following word and expression shall be inserted, namely: –
“CBWTR,”
(5) In item (iv) of sub-point (a) of point (5) of Guidance Note to clause 10.3. of the Guidelines, after the word “of” and before the word “STR” the following word and expression shall be inserted, namely: –
“CBWTR,”
(6) The Explanation to sub-point (vii) of clause 1.2.1. of Part A of Annexure II of the Guidelines, shall be substituted as under, namely: –
“Explanation: For removal of doubt, it is hereby clarified that for resident Indian customers, the IP address shall emanate from India and for Non-Resident Indian it shall emanate either from India or from any one of the following countries where he or she is resident:
a) United States of America;
b) Japan;
c) South Korea;
d) United Kingdom excluding British Overseas Territories;
e) Canada;
f) UAE;
g) Singapore;
h) Australia.
i) European Union
Provided that the aforementioned jurisdictions shall not be identified by FATF as High-Risk Jurisdictions subject to a Call for Action or Jurisdictions under Increased Monitoring or by Central Government as high risk jurisdiction for money laundering, terrorist financing or proliferation financing.”
(7) The Explanation I related to “Additional conditions or requirements for Onboarding Non-Resident Indian (NRI) Customers (classified as low-risk) through V-CIP”, under clause 1.2.3. of Part A of Annexure II of the principal Guidelines, the list of countries shall be substituted as under, namely: –
“a) United States of America;
b) Japan;
c) South Korea;
d) United Kingdom excluding British Overseas Territories;
e) Canada;
f) UAE;
g) Singapore;
h) Australia.
i) European Union”
Copy of the circular is available on the IFSCA website at https://ifsca.gov.in/Legal/Index/TCce8MyOmco=
Pradeep Deo,
Chief General Manager
Division of AML & CFT, IFSCA
