FATF COMPLIANT COUNTRIES
Why Nithin Kamath believes NRI investing in India has become easier than ever
Zerodha CEO Nithin Kamath welcomed Sebi's simplified NRI account-opening rules, enabling eligible overseas investors to complete digital KYC within two to three days. Effective December 3, 2026, the framework aims to boost overseas participation in Indian equities.
Sebi eases KYC norms for NRIs, OCIs and foreign nationals, allows digital onboarding from overseas
Securities and Exchange Board of India has relaxed Know Your Client requirements for overseas investors. This change enables non-resident Indians, Overseas Citizens of India, and foreign nationals to onboard digitally. Individuals from FATF-compliant countries can now submit KYC details remotely without being in India. Intermediaries are allowed to rely on existing KYC records and conduct video verifications when necessary.
Sebi eases KYC norms for NRIs, OCIs, allows digital onboarding from December 3
SEBI has relaxed KYC requirements for NRIs, OCIs and foreign nationals, allowing eligible overseas clients in FATF-compliant countries to complete onboarding digitally. The revised framework introduces video verification, electronic documents and simplified repeat KYC, effective December 3, 2026.
Sebi cancels registrations of 8 investment advisers for non-payment of renewal fees
Sebi has announced relaxed KYC requirements for Non-Resident Indians, Overseas Citizens of India, and foreign nationals. These changes will allow them to complete digital onboarding from FATF-compliant countries effectively. Intermediaries can accept KYC submissions without requiring physical presence in India. Video In-Person Verification is now permitted where in-person verification isn't feasible, enhancing compliance capabilities. The revised framework, effective from December 3, is aimed at simplifying the entire onboarding process.
Astana International Financial Centre explores to partner with India's GIFT City
Astana International Financial Centre is exploring potential collaboration with India's GIFT city due to regional proximity. This partnership aims to enhance financial services and investment opportunities between Kazakhstan and India. AIFC has established itself as a leading financial hub in Central Asia since its launch in 2018. Initiatives from AIFC include developments in sustainable finance and digital assets.
SEBI's digital KYC proposal for NRIs could ease money flow into India, says Nithin Kamath
SEBI proposes digital Know Your Client processes for overseas investors. This move aims to simplify account opening for Non-Resident Indians and foreign nationals. Eligible investors can complete KYC from their country of residence, removing physical presence needs. This change is expected to boost NRI capital inflows into Indian financial markets. The proposal seeks to reduce onboarding time and paperwork significantly for investors.
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Sebi mulls digital onboarding for individual foreign investors to boost participation in securities mkt
Sebi has put forth a proposal for the digital onboarding of individual foreign investors, aimed at enhancing their access to markets. Intermediaries could utilize video verification for clients based abroad. Additionally, the framework suggests accepting KYC from other Sebi-registered entities. This initiative targets clients in FATF-compliant countries, with public feedback on the proposal requested by September 4.
Turkey to toughen law on crypto assets
"We will submit a law proposal on crypto-assets to the parliament as soon as possible. After that, there will be no reason for Turkey to stay in that grey list, if there are no other political considerations."
India plans to ask lawyers to report clients' dubious transactions
India's government is planning to ask lawyers to keep a record of all transactions with their clients and share any suspicious activity with authorities, as New Delhi looks to strengthen its money laundering laws. The authorities believe the plan will help in faster recognition of dubious transactions involving shell companies and money laundering.
Pakistan likely to exit FATF's grey list during global money-laundering watchdog's October 20-21 plenary: Report
Pakistan was included in the increased monitoring list in June 2018 for deficiencies in its legal, financial, regulatory, investigations, prosecution, judicial and non-government sector to fight money laundering and combat terror financing considered serious threat to global financial system, the Dawn newspaper reported.
Previous governments did not curb terrorist financing and money laundering: Pakistan FM Shah Mahmood Qureshi
The Paris-based Financial Action Task Force (FATF) placed Pakistan on the grey list in June 2018 and asked Islamabad to implement a plan of action to curb money laundering and terror financing by the end of 2019 but the deadline was extended later on due to the COVID-19 pandemic.
FATF's regional body retains Pakistan on 'enhanced follow-up' for sufficient outstanding requirements
Pakistan was put on the grey list by the Paris-based Financial Action Task Force (FATF) in June 2018 and the country has been struggling to come out of it.
Pakistan government to set new rules to meet FATF demands
The Dawn newspaper reported that the changes being made also include the transfer of investigations and prosecution of anti-money laundering (AML) cases from police, provincial anti-corruption establishments (ACEs) and other similar agencies to specialised agencies.
RBI raises concerns over money-laundering checks
The Reserve Bank of India has raised concerns around these mechanisms for at least 50 entities, and asked them to complete these tasks by the end of March.
FATF's regional group keeps Pakistan on 'Enhanced Follow-up' for meagre progress
The first Follow-Up Report (FUR) on mutual evaluation of Pakistan released by APG showed Pakistan improving its full compliance on two of the 40 FATF recommendations on the effectiveness of anti-money laundering and combating financing terror (AML/CFT) system, ET has reliably learnt.
FinMin allows Mauritius-based funds to get category-I FPI license
Funds must still pay the STT and capital gains tax on investment gains in Indian assets.
FPIs looking to move shops to Singapore to escape high taxes after budget proposal
FPIs plan to restructure their pooling vehicles and registering new entities in Singapore to hold Indian stocks.
FPIs rush to rejig structures, hire new managers to escape tax net
Some FPIs are also looking to exit all investments before March end.
FATF warns Pakistan of blacklisting if terror funding not controlled by Feb 20
The FATF has asked Pakistan to take stern action against fund flows to terrorists to be out of Grey List.
All eyes on China as Pakistan comes under FATF scrutiny
China holds the current FATF presidency and all eyes will be on Beijing, Pakistan's all-weather ally, after Xi and Modi focused on terror financing at the informal summit.
Fearing blacklisting, Pak PM plans to meet FATF leaders
Imran Khan could also utilise the opportunity to focus on Kashmir issue after failing to garner international support on his narrative
FATF team finalises report with recommendations for de-listing Pak from grey list in Sep'19: Report
On October 5, Pakistan received another technical compliance annexure from the APG which further highlighted deficiencies in the AML/CFT measures that Islamabad needs to take.
Pakistan may be placed in FATF's 'grey list' for financially aiding terrorism: Reports
The FATF will decide after a meeting whether Pakistan should be placed on the blacklist of countries that financially aid terrorism, the report said.
Pakistan sends top official to plead its case in Financial Action Task Force meet in Paris
The US and the UK have moved a motion to place Pakistan on the FATF terrorist-financing watch-list. France and Germany are co-sponsoring the move, the report said.
RBI liberalises third party payment norms for export, import
The Reserve Bank of India today liberalised the third party payment norms for import of goods by removing the ceiling of $100,000.
'India yet to be largely compliant with international standards on NPOs'
India's regulatory framework for non-profit organisations is yet to be "Largely Compliant" with international standards for curbing money laundering and terror financing activities, according to FATF.
India has addressed shortfalls in its black money fight: Financial Action Task Force
FATF is an inter-governmental body that sets standards, and develops and promotes policies to combat money laundering and terrorist financing for countries across the world.
Arab investors keen on pie in Indian market post liberal rules
India's decision to allow foreign individuals or groups to invest directly into the country's stock market has attracted serious investment enquiries from the Arab world.
India on the FATF high table
The govt's success in getting membership of the Financial Action Task Force offers lessons for the country's greater role in international standard-setting and governance regulating bodies.
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