IFSCA modifies AML, CFT and KYC Guidelines: all FIU reports only on FINgate 2.0, cross-border wire transfer reports named, NRI onboarding list of countries revised
IFSCA has modified its AML, CFT and KYC Guidelines, 2022. Regulated entities must file all reports online only at FIU-India’s FINgate 2.0 portal; rule 8 of the PML rules is added to clause 10.3; Cross Border Wire Transfer Reports are written into the guidance note; and the list of countries from which an NRI customer’s IP address may emanate is substituted with nine jurisdictions.
Key facts
- In force
- Circular dated 3 August 2026 (no separate commencement date stated)
- Who it affects
- All Regulated Entities in the IFSCs and their compliance teams; Non-Resident Indian customers onboarded digitally or through V-CIP
- What it is
- Rule change
- Section
- FEMA & RBI
- Published
- 3 August 2026
In 30 seconds
- Circular F. No. IFSCA-DAC/7/2024-AMLCFT is dated 3 August 2026 and is addressed to all Regulated Entities in the IFSCs.
- Clause 10.3(2) of the Guidelines now refers to rule 7 “and rule-8”.
- All reports to FIU-India are to be filed online only at the FINgate 2.0 portal (https://www.fingate.gov.in).
- Cross Border Wire Transfer Reports (CBWTRs) are added in three places in the guidance note to clause 10.3.
- For NRI customers, the IP address may emanate from India or from the listed country where the customer is resident: USA, Japan, South Korea, UK, Canada, UAE, Singapore, Australia, European Union.
- A listed jurisdiction must not be FATF high-risk or under increased monitoring, or identified as high risk by the Central Government.
हिंदी में सार
IFSCA ने 3 अगस्त 2026 के परिपत्र से अपनी AML, CFT और KYC Guidelines, 2022 में बदलाव किए हैं। अब विनियमित संस्थाओं को FIU-India की सभी रिपोर्ट सिर्फ़ FINgate 2.0 पोर्टल पर ऑनलाइन दाख़िल करनी होंगी, और Cross Border Wire Transfer Reports का उल्लेख रिपोर्टिंग के मार्गदर्शन में जोड़ा गया है। NRI ग्राहक की onboarding के लिए IP address भारत से या नौ सूचीबद्ध क्षेत्रों (अमेरिका, जापान, दक्षिण कोरिया, UK, कनाडा, UAE, सिंगापुर, ऑस्ट्रेलिया, यूरोपीय संघ) में से उसके निवास के देश से हो सकता है।
What has been modified
By a circular dated 3 August 2026, the International Financial Services Centres Authority has specified modifications to the IFSCA (Anti Money Laundering, Counter-Terrorist Financing and Know Your Customer) Guidelines, 2022. The Guidelines were issued by notification IFSCA/2022-23/GN/GL001 dated 28 October 2022 and updated as on 26 February 2026.
The modifications are made under sections 12 and 13 of the IFSCA Act, 2019 and rule 9(14) of the Prevention of Money-Laundering (Maintenance of Records) Rules, 2005. The circular does not state a separate commencement date.
Reporting to FIU-India
| Provision of the Guidelines | Change |
|---|---|
| Clause 10.3, sub-clause (2) | After the words “rule-7”, the words “and rule-8” are inserted |
| Guidance Note to clause 10.3, point (1) | Substituted. User manuals and the reporting format guide are on FIU-India’s website (https://fiuindia.gov.in) under “FINnet 2.0 resources for RE”. Regulated Entities shall file all reports online only at the FINgate 2.0 portal (https://www.fingate.gov.in) |
| Guidance Note, point (5)(a), item (ii) | “Cross Border Wire Transfer Reports (CBWTRs) and the” inserted before “Non-Profit Organization Transaction Reports (NTRs)” |
| Guidance Note, point (5)(a), items (iii) and (iv) | “CBWTR,” inserted before “STR” in each |
The effect on the text is that Cross Border Wire Transfer Reports are now named alongside the other report types in the guidance note on reporting, and that the only filing channel named is the FINgate 2.0 portal.
Onboarding of Non-Resident Indian customers
Two changes are made to Part A of Annexure II of the Guidelines.
IP address (Explanation to clause 1.2.1(vii)). The Explanation is substituted. For resident Indian customers, the IP address shall emanate from India. For a Non-Resident Indian, it shall emanate either from India or from any one of the following countries where he or she is resident:
- United States of America
- Japan
- South Korea
- United Kingdom, excluding British Overseas Territories
- Canada
- UAE
- Singapore
- Australia
- European Union
These jurisdictions qualify only so long as they are not identified by FATF as High-Risk Jurisdictions subject to a Call for Action or as Jurisdictions under Increased Monitoring, or by the Central Government as a high-risk jurisdiction for money laundering, terrorist financing or proliferation financing.
V-CIP for low-risk NRI customers (Explanation I under clause 1.2.3). In the “Additional conditions or requirements for Onboarding Non-Resident Indian (NRI) Customers (classified as low-risk) through V-CIP”, the list of countries is substituted with the same nine jurisdictions.
What regulated entities should do
- Route every FIU-India report through the FINgate 2.0 portal and use the manuals and format guide on the FIU-India website.
- Update internal reporting procedures to reflect the reference to rule 8 and to Cross Border Wire Transfer Reports in clause 10.3 and its guidance note.
- Update digital onboarding and V-CIP checks for NRI customers to the substituted list of nine jurisdictions, and build in the FATF and Central Government high-risk check.
Questions and answers
Where must IFSC regulated entities file their FIU-India reports?
As per the substituted point (1) of the Guidance Note to clause 10.3, Regulated Entities shall file all reports online only at the FINgate 2.0 portal (https://www.fingate.gov.in). User manuals and the reporting format guide are on FIU-India’s website under “FINnet 2.0 resources for RE”.
What has changed on cross-border wire transfers?
The circular inserts “Cross Border Wire Transfer Reports (CBWTRs)” in item (ii), and “CBWTR,” in items (iii) and (iv), of sub-point (a) of point (5) of the Guidance Note to clause 10.3, and adds a reference to rule 8 in clause 10.3(2).
From which countries can an NRI customer’s IP address emanate during onboarding?
From India, or from the country where the NRI is resident out of: United States of America, Japan, South Korea, United Kingdom excluding British Overseas Territories, Canada, UAE, Singapore, Australia and the European Union — provided the jurisdiction is not on the FATF lists or identified as high risk by the Central Government.
Does the same list apply to V-CIP for NRIs?
Yes. The list of countries in Explanation I on onboarding low-risk NRI customers through V-CIP, under clause 1.2.3 of Part A of Annexure II, is substituted with the same nine jurisdictions.
Published 3 August 2026. Updated 4 October 2026. This report is for general information and is not professional advice. Read the source document before acting on it.