About ARIFAC
India's Industry Platform for Financial Crime Prevention
ARIFAC serves as a national platform for reporting entities, financial institutions, fintech platforms, and ecosystem stakeholders. It facilitates collaboration, capacity building, and regulatory alignment to strengthen financial crime prevention in India by working in alignment with India's financial intelligence and AML/CFT framework.
Adapting to India's Evolving Digital Financial Ecosystem
India's rapidly evolving digital financial ecosystem—driven by real-time payments, digital onboarding, and platform-led services—has significantly expanded both opportunity and risk.
The increasing scale and sophistication of financial crime, including cyber fraud, mule account networks, identity misuse, and platform abuse, require a coordinated industry response aligned with:
- The Prevention of Money Laundering Act (PMLA)
- Reporting requirements under FIU-IND
- Decoding global standards for AML, FATF Recommendations, International Monetary Fund, Basel Committee, Egmont Group etc.
ARIFAC has been established to provide a structured platform for industry stakeholders to collectively strengthen readiness, share insights, and address emerging risks.
What ARIFAC Does
ARIFAC operates as a collaborative platform focused on enabling industry-wide capability and coordination:
Industry Engagement & Consultations
- Closed-door roundtables
- Stakeholder engagement across financial and digital ecosystems
- Address Emerging risks, typologies, and implementation challenges
Training & Certification
- AML/CFT learning programmes
- Certification and continuous professional development pathways
- Role-based training aligned to compliance and operational functions
Knowledge & Typologies
- Sharing of financial crime typologies and case-based insights
- Development of industry knowledge resources
- Dissemination of best practices across sectors
Ecosystem Coordination
- Engagement across banks, fintechs, payment systems, VDAs and intermediaries
- Cross-sector collaboration including financial services, telecom, and digital platforms
- Support for collective response to systemic risks