Modifications under the International Financial Services Centres Authority (Anti Money Laundering, Counter-Terrorist Financing and Know Your Customer) Guidelines, 2022
IFSCA aml_compliance F. No. IFSCA-DAC/7/2024-AMLCFT · 26 Feb 2026
IFSCA aml_compliance F. No. IFSCA-DAC/7/2024-AMLCFT · 26 Feb 2026
Summary
Check the official recordThe International Financial Services Centres Authority (IFSCA) has amended the Anti Money Laundering, Counter-Terrorist Financing and Know Your Customer Guidelines, 2022. The modification introduces 'OTP based Aadhaar e-KYC authentication' as an additional method for customer identification and verification. This new provision is inserted as sub-point (e) to point (viii) of Clause 1.2.2 of Part-A of Annexure-II of the principal guidelines. The update applies to all Regulated Entities operating within the International Financial Services Centres and is effective immediately from the date of the circular.
What you must do
Key dates
Who is affected
CIRCULAR
F. No. IFSCA-DAC/7/2024-AMLCFT
26 February, 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 January 02,2026.
B. In exercise of the powers conferred under Section 12 r/w Section 13 of the International Financial Services Centres Authority Act, 2019, and Rule 9 (14) of Prevention of Money- Laundering (Maintenance of Records) Rules, 2005, the Authority hereby specifies the following modification to the Guidelines:
C. This Circular shall come into force with immediate effect.
D. 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