Siddhi Vinayak Fincap Limited

This policy is framed in accordance with guidelines issued by the :contentReference[oaicite:0]{index=0} and the provisions of the :contentReference[oaicite:1]{index=1}.

Siddhi Vinayak Fincap Limited is committed to preventing money laundering, terrorist financing, and misuse of financial systems.

2. Objectives and Scope

Prevent misuse of financial services for illegal activities
Establish customer acceptance and verification procedures
Monitor transactions and identify suspicious activities
Ensure regulatory compliance

3. Definition of Customer

A customer refers to any individual or entity engaged in a financial relationship with the Company as per regulatory norms.

4. Customer Acceptance Policy (CAP)

Mandatory completion of application form
Submission of required documents
No anonymous or fictitious accounts allowed
Risk-based customer acceptance approach

5. Customer Identification Procedure (CIP)

Verification through reliable independent sources
Collection of identity and business details
Identification of beneficial ownership
Risk-based due diligence

6. KYC Document Requirements

Type	Documents
Identity Proof	Aadhaar Card (mandatory), PAN Card (mandatory)
Address Proof	Electricity Bill, Water Bill, Aadhaar, Passport, Bank Passbook, Ration Card or Government-issued ID
Bank Details	Active bank account with at least one transaction in last 6 months

7. Monitoring and Reporting of Transactions

Continuous monitoring based on risk profile
Identification of unusual or suspicious transactions
Periodic review of customer data
Record retention as per regulatory requirements

Customer data is reviewed periodically:

Low Risk: Every 5 years
High Risk: Every 2 years

8. Principal Officers

Designated Director: Responsible for overall compliance with AML guidelines.

Principal Officer: Responsible for monitoring and reporting suspicious transactions.

9. Risk Management

Category	Risk Level
Category A	Low Risk
Category B	Medium Risk
Category C	High Risk

Customers are categorized based on risk assessment and monitored accordingly.

10. Periodic Reporting

Reports submitted to Board for high-risk cases
Confidential handling of risk-related matters

11. KYC for Existing Accounts

Applies to all existing customers
Continuous monitoring for unusual activity
Secure storage of customer information

12. Employee Training

Regular training programs for staff
Focus on compliance and risk awareness
Specialized training for frontline and compliance teams

13. Policy Updates

The Board of Directors may update this policy from time to time to align with regulatory changes.

Document Summary

Table of Contents

1. Preamble