Anti-Money Laundering Policy

1. Introduction

This Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) Policy outlines RizenX Technologies Pvt. Ltd.'s commitment to preventing our platform from being used for money laundering, terrorist financing, or other illicit activities.

We comply with all applicable Indian laws, including the Prevention of Money Laundering Act (PMLA) 2002, and international AML/CTF standards.

2. Regulatory Framework

Our AML program is designed to comply with:

• Prevention of Money Laundering Act (PMLA), 2002
• Prevention of Money Laundering (Maintenance of Records) Rules, 2005
• Unlawful Activities (Prevention) Act (UAPA), 1967
• Foreign Exchange Management Act (FEMA), 1999
• Reserve Bank of India (RBI) guidelines
• Financial Action Task Force (FATF) recommendations

3. Know Your Customer (KYC) Requirements

3.1 Customer Identification

All users must complete KYC verification before trading. We collect:

• Full legal name as per government-issued ID
• Date of birth and nationality
• Permanent and current residential address
• PAN (Permanent Account Number) - mandatory for Indian residents
• Government-issued photo ID (Aadhaar, Passport, Driving License)
• Live selfie for facial recognition verification
• Source of funds declaration for large transactions

3.2 Enhanced Due Diligence (EDD)

We apply enhanced verification for:

• High-value transactions (deposits/withdrawals above ₹2,00,000)
• Politically Exposed Persons (PEPs) and their associates
• Customers from high-risk jurisdictions
• Unusual transaction patterns or behaviors
• Business accounts and corporate entities

3.3 Ongoing Monitoring

We continuously monitor customer accounts and transactions for suspicious activities. KYC information is reviewed and updated periodically.

4. Transaction Monitoring

4.1 Automated Monitoring Systems

We employ advanced technology to detect:

• Unusual transaction patterns or volumes
• Structuring or layering of transactions to avoid detection
• Transactions inconsistent with customer profile
• Rapid movement of funds (wash trading)
• Use of multiple accounts by the same individual
• Transactions to/from high-risk addresses or jurisdictions

4.2 Risk-Based Approach

We categorize customers and transactions based on risk levels:

• Low Risk: Standard monitoring procedures
• Medium Risk: Enhanced monitoring and periodic reviews
• High Risk: Stringent verification and continuous oversight

5. Suspicious Activity Reporting

5.1 Red Flags

We investigate activities that may indicate money laundering:

• Customer reluctance to provide information or documentation
• Provision of false or suspicious identification documents
• Frequent deposits followed by immediate withdrawals
• Transactions with no apparent business or legal purpose
• Multiple accounts with similar details or IP addresses
• Sudden increase in transaction volume or value
• Use of mixer services or privacy coins for obfuscation
• Transactions involving sanctioned countries or entities

5.2 Reporting Obligations

When suspicious activity is detected, we file Suspicious Transaction Reports (STRs) with the Financial Intelligence Unit - India (FIU-IND) as required by law, typically within 7 days of detection.

6. Sanctions Screening

We screen all customers and transactions against:

• United Nations Security Council (UNSC) sanctions lists
• Office of Foreign Assets Control (OFAC) sanctions
• European Union (EU) sanctions
• Indian government sanctions and watch lists
• Terrorist financing lists

Accounts matching sanctions lists are immediately frozen, and relevant authorities are notified.

7. Record Keeping

We maintain comprehensive records for at least 5 years, including:

• Customer identification documents and KYC data
• All transaction records (trades, deposits, withdrawals)
• Communications with customers
• Internal investigation reports
• STRs and regulatory correspondence
• Account opening and closure documentation

8. Staff Training and Awareness

All RizenX employees receive regular AML/CTF training covering:

• Recognition of suspicious activities
• KYC verification procedures
• Regulatory reporting obligations
• Customer due diligence requirements
• Sanctions screening processes
• Data protection and confidentiality

9. Prohibited Activities

We strictly prohibit:

• Money laundering and terrorist financing
• Structuring transactions to avoid reporting thresholds
• Trading with sanctioned individuals or countries
• Use of the platform for illegal purposes
• Anonymous or pseudonymous accounts
• Accepting third-party payments
• Wash trading or market manipulation

10. Consequences of Non-Compliance

Violations of our AML Policy may result in:

• Immediate account suspension or termination
• Freezing of funds pending investigation
• Reporting to law enforcement and regulatory authorities
• Legal action and cooperation with investigations
• Permanent ban from using RizenX services

11. Customer Cooperation

Users are required to:

• Provide accurate and complete information during registration
• Update KYC information when circumstances change
• Respond promptly to verification requests
• Not engage in activities that could facilitate money laundering
• Report suspicious activities to our compliance team

12. Privacy and Confidentiality

While we are committed to protecting your privacy, we may be required to disclose information to regulatory authorities, law enforcement, or courts without prior notice to you, as mandated by law.

13. Continuous Improvement

We regularly review and update our AML/CTF program to ensure effectiveness and compliance with evolving regulations and best practices.

14. Contact Information

For AML-related queries or to report suspicious activities:

AML Compliance Officer: compliance@
Address: RizenX Technologies Pvt. Ltd., WeWork Galaxy, 43 Residency Road, Bangalore, Karnataka 560025, India