IFSCA Notifies KYC Registration Agency Regulations, 2025: Know Complete Details

The International Financial Services Centres Authority (IFSCA) has notified the KYC Registration Agency (KRA) Regulations, 2025, outlining the framework for registration and operation of KRAs within the IFSCs. These regulations detail the eligibility criteria, application process, operational requirements, and compliance standards for entities seeking to act as KRAs. The move aims to standardize the KYC process for financial institutions operating in the IFSCs, enhancing transparency and reducing duplication of efforts. These regulations are crucial for fostering a robust and efficient regulatory environment within the IFSCs, attracting more investment and ensuring compliance with global standards for anti-money laundering and combating the financing of terrorism.