India Overview
India operates within a regulatory AML/CFT framework supervised by its financial intelligence and oversight authorities. The country is a member of the APG regional anti-money laundering body. India is considered broadly compliant with FATF standards.
Regulatory Framework
Reporting Thresholds
- Cash Transaction Report (CTR): INR 1000000
- STR Filing Deadline: VERIFY from regulatory source
FATF Status & Engagement
As of 2026-02, India is not on any FATF increased monitoring list.
Compliance Requirements
Core AML/CFT Obligations
Obliged entities in India must adhere to AML/CFT obligations to prevent, detect, and report financial crime:
- Risk-Based Approach (RBA): Compliance measures proportionate to identified risks across all AML/CFT efforts.
- Customer Due Diligence (CDD/KYC): Thorough, risk-based CDD at onboarding and ongoing, including Enhanced Due Diligence (EDD) for high-risk customers and PEPs.
- Beneficial Ownership (BO): Identify and verify beneficial owners, typically at a 25% ownership/control threshold.
- Transaction Monitoring: Monitor customer transactions for unusual or suspicious activity inconsistent with their profile.
- Record Keeping: Maintain all required records on customer identification and transactions.
- STR Reporting: Promptly file Suspicious Transaction Reports (STRs) with India's financial intelligence unit.
Key Compliance Challenges
Specific compliance challenges are detailed in the India compliance guide.
Sanctions Considerations
Implements UN sanctions
India implements UN Security Council sanctions through domestic legislation. Financial institutions must screen customers and transactions against applicable international sanctions regimes and freeze assets immediately upon a confirmed match.
Anqa's Approach for India: The Platform
Anqa's platform is engineered to directly address AML/CFT compliance challenges faced by NBFIs and DNFBPs in India. Intuitive, robust, and locally-attuned tools to meet regulatory obligations and contribute to the integrity of India's financial system.
Centralised KYC Hub
Capture, store, manage, and review all customer profiles, documents, and onboarding data in one secure place.
- Risk Profiles & Status Records
- Selfie Capture & ID Verification
- Nature & Purpose of Relationship
- Authorised Representative eKYC Invite
Benefit: Auditable customer records and accurate risk assessments aligned with regulator expectations.
Seamless Electronic Onboarding
Transform customer onboarding with a fully digital, user-friendly experience designed for efficiency and compliance.
- Digital Customer Consent Capture
- Guided Selfie & ID Document Upload
- Automated Personal Information Capture
- Purpose of Relationship Declaration
Benefit: Reduces onboarding friction while ensuring all KYC data and consent are captured verifiably.
Dynamic Risk Assessment
Utilise our Nature & Purpose Risk Assessment to understand customer engagement and expected transactional behaviour.
- Geographic Risk Profiling
- Transaction Volume, Velocity & Value (3V's)
- Customer Interaction Methods
- Products & Services Utilisation
- Overall Institutional Exposure Rating
Benefit: Proactively identify and manage high-risk relationships with a robust, risk-based approach.
Comprehensive Watchlist Screening
Real-time screening of individuals and businesses against a wide array of critical watchlists.
- Global & Regional Sanctions Lists
- Interpol Red Notices & Wanted Lists
- Customer-Specific Internal Watchlists
- Optional Daily Re-screening Service
- Clear Alert Match Grading System
Benefit: Critical defence against sanctioned entities and high-risk individuals.
Robust Audit Trails & Reporting
Complete, immutable records of all AML/CFT activities and comprehensive reports for internal review and regulatory scrutiny.
- Detailed Logs of All User Actions
- Time-Stamped KYC/CDD Updates
- Customisable Compliance Reports
- Evidence for Supervisory Inspections
- Strengthens Internal Controls
Benefit: Transparency and accountability for both internal controls and regulatory examinations.
Tailored for India Compliance
Adaptable platform configured to India's specific regulatory requirements and the operational needs of local NBFIs and DNFBPs.
- Supports Local KYC/CDD Requirements
- India-Specific Risk Factor Monitoring
- Scalable for Growing Businesses
Benefit: Locally attuned — helping institutions apply India-specific rules confidently.
Anqa: Partnering for AML/CFT Excellence in India
Anqa is committed to supporting India's efforts to strengthen its national AML/CFT framework. Our platform is designed not merely as software, but as a tool to foster a culture of compliance within Non-Bank Financial Institutions (NBFIs) and Designated Non-Financial Businesses and Professions (DNFBPs).
By providing solutions that enhance transparency, improve risk management, and streamline regulatory reporting, we assist entities in India in meeting their obligations and contributing to the integrity and stability of the nation's financial system.