JSW Steel rises 2% on gas supply worries HSBC raises Tata Steel target to ₹250 British Steel to supply 120,000 mt billet to Nigeria ₹3,200 crore Tata Steel EAF starts in Ludhiana
The government has classified bookkeeping, accounting, taxation, and financial crime compliance services as financial services under the International Financial Services Centres Authority Act of 2019. According to a notification dated January 18, these services qualify as financial services when offered by units in an International Financial Service Centre regulated by IFSCA to non-residents, provided that the businesses are not formed through the restructuring of an existing business in India. Additionally, these units should not provide financial services by transferring or receiving contracts from their group entities in India. Financial crime compliance services, as mentioned in the notification, encompass activities related to adhering to Anti-Money Laundering norms, Countering the Financing of Terrorism measures, and Financial Action Task Force recommendations.
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