CIRCULAR
F. No. 886/IFSCA/FATF-C/Coordination/2023-24
14th March 2024
To,
The Designated Directors/
Principal Officers
All Regulated Entities
GIFT-IFSC
Sub: 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.
Sir/Madam,
A.
Reference may be drawn to clause 1.2, 1.3.33 and 1.3.35 of Chapter-I (Applicability,
Definitions and Responsibilities), clause 10.3 of Chapter -X (Process of Identification
and reporting of suspicious transactions) and other provisions of 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 No. IFSCA/2022-23/GN/GL001 dated October
28, 2022, by the International Financial Services Centres Authority (hereinafter referred
as ‘Authority’).
B.
Reference may also be drawn to Prevention of Money-laundering Act, 2002 (‘PMLA’)
and the Prevention of Money laundering (Maintenance of Records) Rules, 2005 (‘PML,
Rules’).
Page 2 of 2
C. For compliance with relevant provisions of the Guidelines and also with the provisions
of the PMLA and PML Rules, 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.
D.
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.
E.
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.
F.
Copy
of
the
circular
is
available
on
the
IFSCA
website
at
https://ifsca.gov.in/Legal/Index/TCce8MyOmco=
Ramachander S.S.R. Eranki,
Head, AML & CFT Division,
ramachander.essr@ifsca.gov.in
