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IFSCA Launches First-Ever AML/CTF Certification Course for IFSC Compliance and other professionals

Gandhinagar: Chairperson of the International Financial Services Centres Authority (IFSCA), Shri K. Rajaraman, launched the customized certification course “NISM-IFSCA-01: Certification Course on Anti-Money Laundering and Counter-Terrorist Financing in the IFSC,” developed jointly by the National Institute of Securities Markets (NISM) and the IFSCA Academy.

2.         The launch ceremony was attended by Shri Sashi Krishnan, Director (NISM), Dr. Praveen Trivedi, Executive Director (IFSCA) & Director (IFSCA Academy) and other senior officials from both IFSCA and NISM.

3.         This marks the first certification course introduced by the IFSCA Academy. The programme aims to strengthen practical capacity and enhance awareness among compliance professionals in the areas of Anti Money Laundering and Counter Terrorist-Financing. As per Clause 8.4 of the IFSCA AML, CTF and KYC Guidelines, 2022, the certification has been made mandatory for Principal Officers and Designated Directors of all IFSCA-regulated entities. The certificate course can also be undertaken by other professionals including IFSCA officials.

4.         The curriculum covers key areas essential to the IFSC regulatory environment, including:

1. Fundamentals of AML, CFT, PF, and KYC requirements specific to the IFSC ecosystem
2. Provisions of the Prevention of Money Laundering Act (PMLA), 2002, PML Rules, reporting obligations and scheduled offences
3. IFSCA AML/CFT & KYC Guidelines (2022), encompassing risk-based approach, due diligence, record-keeping and suspicious transaction reporting
4. Roles of FIU-IND, the Enforcement Directorate and other authorities involved in AML investigations
5. Case studies illustrating enforcement actions, regulatory expectations and practical implementation of compliance standards

6.         A freely downloadable workbook has been made available on the NISM website for learners. Details of the certification course and registration links are accessible at the following links:

1. Workbook: https://lnkd.in/dftX9BXw
2. Course details: https://lnkd.in/du_qNDAZ
3. Registration: https://cert.nism.ac.in

7.         The course culminates in a certification examination aimed at establishing a common minimum knowledge benchmark on AML, CTF and KYC obligations for all regulated entities operating within the IFSC framework.