ICSI Launches PMLA Portal to Strengthen Compliance, Anti-Money Laundering and Countering Financing of Terrorism
ICSI has stated that the portal is not merely a digital resource but a proactive measure to support professionals in fulfilling their statutory duties under PMLA and related frameworks.
The Institute of Company Secretaries of India (ICSI), a statutory professional body under the Ministry of Corporate Affairs, has unveiled its dedicated PMLA Portal, positioning it as a one‑stop platform for professionals navigating the complex landscape of anti‑money laundering (AML) and countering the financing of terrorism (CFT).
The portal consolidates main resources such as the Financial Action Task Force (FATF) ‘Grey’ and ‘Black’ lists, FAQs on AML and CFT guidelines, notifications from the Ministry of Finance, and updated designated lists under key legislations, including Section 12A of the Weapons of Mass Destruction Act, 2005, and the Unlawful Activities (Prevention) Act, 1967. It also provides documents related to targeted financial sanctions that address terror and proliferation financing.
By doing this, ICSI aims to empower company secretaries and compliance professionals with timely, authoritative information. The initiative reflects the institute’s broader mission to promote good corporate governance and ensure that Indian businesses remain aligned with global standards on financial integrity.
The Institute of Company Secretaries of India was established under the Companies Secretaries Act, 1980, making it the only recognized professional body in India responsible for regulating and developing the profession of company secretaries. With a vision “to be a global leader in promoting good corporate governance,” ICSI trains and certifies professionals who play a pivotal role in ensuring compliance with corporate laws, advising boards, and upholding transparency in business operations.
The Prevention of Money Laundering Act (PMLA), 2002, is India’s primary legislation to combat money laundering and related financial crimes. It empowers authorities to investigate, attach, and confiscate property derived from illicit activities. The Act also imposes obligations on financial institutions, intermediaries, and professionals to maintain records, report suspicious transactions, and adhere to prescribed compliance standards.
By offering well-coordinated, accessible information, the portal is expected to improve awareness, reduce compliance risks, and strengthen India’s fight against financial crimes.
With increasing global scrutiny on money laundering and terror financing, the initiative underscores India’s commitment to robust governance and financial transparency.
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