India International Financial Services Centres Authority modifies AML CFT and KYC Guidelines and publishes consolidated January 2026 version with V-CIP FAQs

The India International Financial Services Centres Authority (IFSCA) issued a circular setting out modifications to the International Financial Services Centres Authority (Anti Money Laundering, Counter-Terrorist Financing and Know Your Customer) Guidelines, 2022 and published a consolidated, updated version of the Guidelines as of 2 January 2026. It also released additional Frequently Asked Questions to clarify how certain Video-based Customer Identification Process (V-CIP) provisions should be interpreted. The changes were made following representations from stakeholders and market participants and to incorporate certain Government directives. For ease of reference, the consolidated document brings together all modifications issued under the 2022 AML, CFT and KYC Guidelines to date, while the V-CIP clarifications are provided under Point VI of the broader FAQs document on the Guidelines.