Anti-Money Laundering & Counter-Terrorist Financing Policy
Kadyan Paygate India OPC Pvt. Ltd.
1. Introduction
Kadyan Paygate India OPC Pvt. Ltd. ("Company") is committed to preventing Money Laundering and Terrorist Financing activities through its services. This policy outlines our framework for ensuring compliance with the Prevention of Money Laundering Act (PMLA), RBI guidelines, and other applicable laws.
2. Objectives
• Prevent misuse of Kadyan Paygate's services for illicit financial activities.
• Establish robust monitoring mechanisms for detecting suspicious transactions.
• Ensure compliance with applicable AML/CTF regulations.
• Safeguard the platform's integrity and promote a secure business environment.
3. Know Your Customer (KYC) & Customer Due Diligence (CDD)
All clients must undergo mandatory KYC/KYB verification before availing services. This includes:
• Identity verification through government-issued IDs
• Business verification documents (GST, PAN, Incorporation)
• Bank account validation
Risk categorization is performed, with Enhanced Due Diligence (EDD) applied to high-risk clients.
4. Transaction Monitoring & Reporting
Real-time transaction monitoring is implemented to detect anomalies such as:
• Structuring or Smurfing
• Transactions with high-risk jurisdictions
• Unusual spikes in transaction volumes Suspicious Transaction Reports (STRs) are filed with FIU-IND as mandated.
5. Record Keeping
We maintain KYC records, transaction logs, and compliance documents for a minimum of 5 years, ensuring adherence to regulatory requirements.
6. Employee Training & Awareness
Employees are trained periodically on AML/CTF obligations, detection methodologies, and internal reporting procedures to ensure effective implementation of this policy.
7. Prohibited Activities
The Company strictly prohibits facilitating or engaging in:
• Money laundering activities
• Transactions linked to terrorism financing
• Operations that violate economic sanctions or embargoes
8. Compliance Reporting
Any suspicious activity identified by the platform or reported by employees will be escalated to the Compliance Officer and reported to the appropriate regulatory bodies in accordance with legal requirements.
9. Grievance Redressal
For AML/CTF-related queries or grievances, contact:
Name: [Compliance Officer Name]
Email: [Compliance Officer Email]
Phone: [Compliance Officer Phone]
Grievance Portal: https://kadyanpaygate.com/grievances