On Apr. 15, 2025, IND NSD publicized details of the FATF statement above; advised participants that this does not preclude regulated entities from legitimate trade and business transactions with countries and jurisdictions subject to increased monitoring.
Participants are requested to take note of the above and ensure compliance.
On Apr. 11, IND CDSL required confirmation of action taken re FATF.
IND CDSL shared FATF's public statement after the Feb. 2025 plenary, highlighting that FATF identifies Lao PDR and Nepal as new jurisdictions subject to increased monitoring.
Meanwhile, the Philippines is no longer subject to increased monitoring by the FATF.
On the same day, IND NSE also shared the FATF public statement, and requested members to visit the IND SEBI website on a regular basis for updates in this regard.
Advised depository participants that the regulated entities, with these countries and jurisdictions, should not be precluded from legitimate trade and business transactions.
A written confirmation as per the template in the annexure is required from the depository participant confirming that required actions are taken and complied with.
They are mandatorily required to furnish the information latest by Apr. 28, 2025.
Actions include making sure that appropriate alert mechanisms have been put in place to identify the business relationships and transactions with the said jurisdictions.
Apr. 15, 2025 IND NSD Circular
On Apr. 15, 2025, IND NSD publicized details of the FATF statement above; advised participants that this does not preclude regulated entities from legitimate trade and business transactions with countries and jurisdictions subject to increased monitoring.
Participants are requested to take note of the above and ensure compliance.
Regulators
IND CDSL; IND NSD; IND NSE
Entity Types
B/D; Depo; Exch
Reference
Cir NSDL/POLICY/2025/0049, 4/15/2025; Com CDSL/PMLA/DP/POLCY/2025/244, Cir 13/2025, NSE/ISC/67538, 4/11/2025
