About ARIFAC
India's Industry Platform for Financial Crime Prevention
ARIFAC (Alliance of Reporting Entities in India for AML/CFT) is an industry-led initiative operated by the Internet and Mobile Association of India (IAMAI), working in alignment with India's financial intelligence and AML/CFT framework.
ARIFAC serves as a national platform to enable collaboration, capacity building, and regulatory alignment across reporting entities, financial institutions, fintech platforms, and ecosystem stakeholders to strengthen financial crime prevention in India.
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
- Global standards such as the Financial Action Task Force (FATF)
ARIFAC has been established to provide a structured platform for industry stakeholders to collectively strengthen readiness, share insights, and address emerging risks.
Core Pillars of ARIFAC
Capacity Building
Strengthening AML/CFT capabilities through structured learning programs, certification pathways, and role-based training for compliance and risk professionals.
Industry Collaboration
Enabling closed-room consultations, knowledge sharing, and multi-stakeholder engagement to address operational challenges and emerging financial crime risks.
Regulatory Alignment
Facilitating industry understanding of regulatory frameworks and supporting consistent interpretation of AML/CFT requirements under Indian and global standards.
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 programs
- 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
ARIFAC Framework
ARIFAC operates under the aegis of the Internet and Mobile Association of India (IAMAI), which serves as its secretariat.
The platform works in alignment with India's financial intelligence ecosystem and supports industry readiness in implementing AML/CFT obligations under the PMLA and related regulatory frameworks.
Who Should Engage
Building a Trusted Financial Ecosystem
ARIFAC enables stakeholders to come together to strengthen capabilities, share knowledge, and align approaches to financial crime prevention.
Through collaboration, capacity building, and regulatory alignment, ARIFAC contributes to building a more resilient, compliant, and trusted financial system in India.
Disclaimer
ARIFAC is an industry initiative operated by IAMAI and does not function as a regulator, supervisory authority, or enforcement agency. Participation in ARIFAC programs does not constitute regulatory approval or compliance certification. Users are advised to refer to applicable laws and official regulatory guidance for compliance requirements.
- ARIFAC does not function as a regulator or supervisory authority
- ARIFAC does not grant licenses, approvals, or compliance certifications
- ARIFAC does not act on behalf of FIU-IND or any government authority
- Participation in ARIFAC programs does not substitute regulatory compliance obligations