Template only. Align this with the PMLA, 2002 and your compliance officer's guidance.
Customer due diligence
All clients complete identity verification before trading. We verify PAN, address and bank ownership.
Source of funds
Deposits must come from a bank account in the client's own name. We may request evidence of source of funds for large or unusual transactions.
Monitoring and reporting
Transactions are monitored for unusual patterns. Suspicious activity is reported to the Financial Intelligence Unit as required.