India

AML / KYC

India Updates GIFT City KYC Rules to Cover Financial Groups, NRIs

By Nithya Subramanian | 03/11/2025

The IFSCA has tightened digital KYC norms with new cybersecurity, AI verification, and data safeguards, while allowing limited cross-border onboarding for NRIs from select countries.

Sanctions

US Sanctions Human Smuggling Network Led by Indian-Mexican National

By Nithya Subramanian | 03/11/2025

OFAC sanctioned Bhardwaj Human Smuggling Organization, its leader, and 16 related companies for trafficking migrants and laundering illicit profits across multiple countries.

Fintech / Regtech

Indian Banks Switch to '.bank.in' Domain on RBI Cybersecurity Mandate

By Editors | 03/11/2025

The move, which had an October 31 deadline, aims to combat phishing and bolster customer confidence in digital banking services.

Securities / Derivatives

SEBI Delays T+0 Stock Settlement Rollout for Brokers Again

By Editors | 03/11/2025

SEBI cited technological and operational readiness challenges at major brokers for the second postponement of the optional same-day settlement system.

Fintech / Regtech

India’s Enforcement Directorate Uncovers Scams Run by Chinese Nationals

By Nithya Subramanian | 01/11/2025

A new report found that Chinese nationals masterminded large-scale instant loan and cryptocurrency scams in India, funnelling over INR 280 billion through shell companies and digital payment channels.

Securities / Derivatives

India's ICCL Unifies Penalty Framework for Market Limit Violations

By Editors | 31/10/2025

The new framework introduces a consolidated penalty structure for trading and position limit violations across equity, currency, and lending segments.

Enforcement

India: HDFC Bank Executives Placed on Leave for Bond Mis-selling

By Nithya Subramanian | 31/10/2025

HDFC Bank is investigating claims that customers were mis-sold Credit Suisse’s AT1 bonds, following compliance lapses flagged by Dubai’s financial regulator.

Enforcement

India’s CBI Says Shell Firms Routed Yes Bank Funds to Anil Ambani Group

By Nithya Subramanian | 31/10/2025

The probe found a network of “Project Infrastructure Layering Entities” used to disguise fund transfers from Yes Bank to Reliance Group subsidiaries.

Securities / Derivatives

SEBI Mandates Phased Overhaul of Key Financial Market Indices

By Manesh Samtani | 31/10/2025

SEBI has set new eligibility criteria for key financial indices, mandating phased changes to be completed by March 2026.