Compliance in India
Indian firms answer to the regulator for their sector: SEBI for securities markets, the Reserve Bank of India for banks and payments, and IRDAI for insurers. Money-laundering obligations come from the PMLA 2002, reported to FIU-IND; firms in GIFT City answer to the IFSCA.
- Regimes
- 14
- Headline controls
- 112
- Sources watched
- 5
- Areas
- 6
Who Amoreg watches in India.
The Monitor reads these sources for new publications and records each one with its source, stage and date.
- Securities and Exchange Board of IndiaThe Securities and Exchange Board of India regulates India’s securities markets and the intermediaries that work in them, and publishes its regulations, circulars and master circulars on sebi.gov.in.sebi.gov.in/sebiweb/home/HomeAction.do?doListing=yes&sid=1&ssid=3&smid=0 · sebi.gov.in/sebiweb/home/HomeAction.do?doListing=yes&sid=1&ssid=7&smid=0 · sebi.gov.in/sebiweb/home/HomeAction.do?doListing=yes&sid=1&ssid=6&smid=0 · sebi.gov.in/sebiweb/home/HomeAction.do?doListing=yes&sid=6&ssid=23&smid=0
- Reserve Bank of IndiaThe Reserve Bank of India is the country’s central bank and supervises its banks and non-bank lenders, issuing master directions on KYC, IT risk and outsourcing.rbi.org.in/Scripts/NotificationUser.aspx · rbi.org.in/Scripts/BS_ViewMasterDirections.aspx · rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx
- Financial Intelligence Unit – IndiaFIU-IND receives the reports firms make under the Prevention of Money Laundering Act 2002 and issues compliance orders to reporting entities.fiuindia.gov.in/files/misc/archive.html · fiuindia.gov.in/files/Compliance_Orders/orders.html · dor.gov.in/acts-rules
- Ministry of Electronics and Information TechnologyThe Ministry of Electronics and Information Technology is responsible for India’s Digital Personal Data Protection Act 2023 and the rules made under it.meity.gov.in/data-protection-framework
- Insurance Regulatory and Development Authority of IndiaThe Insurance Regulatory and Development Authority of India regulates insurers and insurance intermediaries, including their AML and cyber-security obligations.irdai.gov.in/guidelines · irdai.gov.in/web/guest/circulars?filtersApplied=true&filterDepartment=IT · irdai.gov.in/web/guest/circulars?filtersApplied=true&filterDepartment=SDD
What binds firms in India.
Financial crime (AML/CFT/CPF)
Data protection & privacy
Operational resilience & ICT
- SEBI Cybersecurity and Cyber Resilience Framework (CSCRF)8 controls
- RBI (Commercial Banks – Cybersecurity, Technology: Risk, Resilience and Assurance Framework) Directions, 20268 controls
- RBI (Commercial Banks – Managing Risks in Outsourcing) Directions, 20258 controls
- IRDAI Information and Cyber Security Guidelines, 20268 controls