09 Feb 2026: IFSC Units Granted Access to Online PAN Verification via Protean Portal The International Financial Services Centres Authority (IFSCA) has enabled IFSC-registered entities to access online PAN verification services through the Protean portal to facilitate client onboarding and regulatory compliance. As part of the onboarding process, all IFSC Units are required to verify the Permanent Account Number (PAN) […]
05 Jan 2026: SCA Updates AML, CFT and KYC Guidelines: Consolidated Version Issued (January 2026) The International Financial Services Centres Authority (IFSCA) has issued a circular dated January 02, 2026, introducing modifications to the International Financial Services Centres Authority (Anti Money Laundering, Counter-Terrorist Financing and Know Your Customer) Guidelines, 2022. These changes have been notified following representations received from various […]
05 DEC 2025: IFSCA, Taiwan’s FSC Sign MoU to Deepen Financial Regulatory Cooperation The International Financial Services Centres Authority (IFSCA) and Taiwan’s Financial Supervisory Commission Taiwan (FSC) have entered into a Memorandum of Understanding (MoU) to strengthen regulatory cooperation in areas of mutual interest. The MoU was virtually exchanged and operationalized on December 3, 2025, on the sidelines of the […]
03 Nov 2025: FATF High-Risk & Monitored Jurisdictions The Financial Action Task Force (FATF) Plenary released updated lists of jurisdictions with strategic AML/CFT deficiencies: High-Risk Jurisdictions – Subject to Call for Action FATF urges all countries to apply countermeasures, targeted financial sanctions, and enhanced due diligence for: Democratic People’s Republic of Korea (DPRK) Iran Myanmar Jurisdictions Under Increased Monitoring (Grey […]
1stOct 2025: Constitution and First Actions of the Payments Regulatory Board (PRB) under IFSCA Following the implementation of amendments to the Payment and Settlement Systems Act, 2007 on May 9, 2025, the Payments Regulatory Board (PRB) was established, replacing the earlier Board for Regulation and Supervision of Payment and Settlement Systems (BPSS). The PRB now serves as the statutory body […]