Under the International Financial Services Centres Authority (IFSCA) framework, Know Your Customer (KYC) and Customer Due Diligence (CDD) are key components of the Anti-Money Laundering (AML), Counter Financing of Terrorism (CFT) and KYC obligations of Regulated Entities, as set (AML, CFT and KYC) Guidelines, 2022 (as amended from time to time).
After completing initial KYC and the prescribed CDD, KYC records must be uploaded to an IFSCA-registered KYC Registration Agency (KRA) in accordance with the IFSCA (KYC Registration Agency) Regulations, 2025.
An IFSC KRA is a centralized, secure and first repository of KYC records to be set up at IFSC. It undertakes technical validation, storage, retrieval and controlled dissemination of KYC information, and maintains a comprehensive audit trail of uploads, modifications and downloads.
In this context,
CDSL Ventures Limited (CVL),
an IFSCA-registered KYC Registration Agency, has established robust infrastructure in line with the IFSCA (KYC Registration Agency) Regulations, 2025, and is among the first KRAs to be registered in the IFSC.
KYC Record Access and Updation Framework
Where KYC records are already available with the IFSC KRA, other Regulated Entities may, subject to explicit client consent and applicable access controls, retrieve and verify such records in accordance with IFSCA regulations. This reduces duplication of documentation and improves efficiency across the IFSC ecosystem.
Any subsequent change in client information must be verified and updated by the concerned Regulated Entity in the KRA system. The KRA disseminates the processed updates to authorized intermediaries, supporting data accuracy, consistency, auditability and regulatory compliance.
The concerned Regulated Entity remains responsible for the accuracy and completeness of the KYC information.
Access to KYC records is governed through consent-based mechanisms and role-based access controls, in line with IFSCA requirements. All KYC data is handled in accordance with applicable data protection and confidentiality obligations.
About CDSL Ventures Limited (CVL)
CDSL Ventures Limited (CVL) is an IFSCA-registered KYC Registration Agency, established to support KYC record management within the IFSC in accordance with the IFSCA (KYC Registration Agency) Regulations, 2025.
CVL is a wholly owned subsidiary of Central Depository Services (India) Limited (CDSL), one of India’s leading securities depositories. Leveraging its experience in KYC record management in the Indian securities market, CVL’s domestic KRA operations have crossed 100 million KYC registrations, bringing strong domain expertise and operational capability to the IFSC ecosystem.
CVL operates under stringent confidentiality and information security frameworks, supported by robust electronic and physical controls to help safeguard the integrity and protection of KYC data.
Commitment to Governance and Compliance
Ethics, integrity and reputation are central to CVL’s approach. We are committed to strong governance, fairness and service excellence, with the objective of being a globally respected IT-enabled service organization.