Domestic Wire Transfer

A wire transfer where both the ordering institution and the beneficiary institution are located in the IFSC, including any chain of transfers taking place entirely within the IFSC — where the ordering institution may…

This one is not written up yet

The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.

Written up from the same chapter

Regulated EntityIFSCA's term for a unit that holds its licence, recognition, registration or authorisation — the entity the IFSCA (AML, CFT and KYC) Guidelines, 2022 place their duties on.

Where this is taught

Series IFSCA-01 · Chapter 5: IFSCA (Anti Money Laundering, Counter Terrorist Financing and Know Your Customer) Guidelines, 2022

Free preparation for NISM Series IFSCA-01

Related terms

International Financial CentreA financial centre that serves customers outside its own jurisdiction — in India, GIFT IFSC, where the AML rules are written for a cross-border, cashless, foreign-currency business.

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