The International Financial Services Centres Authority (IFSCA) on October 26, 2023, issued a notification regarding the modifications to the International Financial Services Centres Authority Anti Money Laundering, Counter-Terrorist Financing and Know Your Customer) Guidelines, 2022
This has a reference to the International Financial Services Centres Authority (Anti Money Laundering, Counter-Terrorist Financing and Know Your Customer) Guidelines, 2022 issued vide notification IFSCA/2022-23/GN/GL001 dated October 28, 2022
The following has been modified namely: -
• It states that in the sub-clause (c) of clause 2.1 of the Guidelines, after the words ‘enterprise-wide level’ and before the words ‘wherever applicable’ the words ‘(Financial Group-wide level or Group-wide level)’ may be inserted.
• It states that in clause 5.4.8 of the Guidelines, for the words ‘proviso of rule 9(1)(b)’, the words ‘second proviso of rule 9(1)(c)’ shall be substituted.
• It states that in sub-clause (a) of clause 6.2 of the Guidelines, for the words “within 2 days” the words ‘immediately’ shall be substituted.
• After sub-point (d) of clause 8(iii) of Part-II of the Annexure-I of the Guidelines, the following shall be inserted: -
‘(e) the names of the beneficiaries, trustees, settlor, protector, if any and authors of the trust and the address of the registered office of the trust; and
(f) list of trustees and documents as required for individuals under sub-rule (4) of rule 9 of the Rules and Guidelines for those discharging role as trustee and authorized to transact on behalf of the trust’.
[Notification No. F. No. 822/IFSCA/FATF-C/Legal/2022-23 /03]
