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ForexPoint AML Policy

ForexPoint Financial Services Pvt. Ltd is committed to maintaining the highest standards of compliance and financial integrity through a robust Anti-Money Laundering (AML) policy. We strictly adhere to regulatory guidelines to prevent illegal financial activities, ensuring all transactions are secure, transparent, and fully compliant with RBI regulations.

Our AML framework includes comprehensive customer verification, transaction monitoring, and risk assessment procedures. We are dedicated to protecting our clients and the financial ecosystem by detecting, preventing, and reporting suspicious activities, ensuring a safe and trustworthy forex experience.

ANTI–MONEY LAUNDERING (AML) POLICY

Effective date: 3 January 2025

At Forex Point Financial Services Private Limited , we are committed to combating money laundering and terrorist financing in accordance with the Prevention of Money Laundering Act, 2002 (PMLA), applicable Rules, and the latest guidelines issued by the Reserve Bank of India (RBI).

1. Regulatory Framework

Our AML/CFT framework is based on:
• Prevention of Money Laundering Act, 2002 and amendments
• RBI Master Directions on KYC and AML/CFT for FFMCs
• Guidelines issued by the Financial Intelligence Unit – India (FIU-IND)

2. Risk-Based Approach

We adopt a risk-based approach to:
• Identify, assess, and mitigate money laundering risks
• Classify customers into low, medium, and high-risk categories
• Apply enhanced controls for higher-risk relationships

3. Customer Due Diligence (KYC/CDD)

We undertake robust KYC procedures, including:
• Verification of identity using officially valid documents (Passport, PAN, Aadhaar etc.)
• Customer identification prior to transaction execution
• Identification of beneficial owners (where applicable)
• Enhanced Due Diligence (EDD) for:
o Politically Exposed Persons (PEPs)
o Non-face-to-face customers
o High-value or complex transactions

4. Ongoing Monitoring of Transactions

We continuously monitor transactions to identify:
• Unusual patterns inconsistent with customer profile
• Structuring or attempts to avoid regulatory thresholds
• Transactions lacking economic or lawful purpose

5. Reporting Obligations

We comply with statutory reporting requirements, including:
• Filing of Suspicious Transaction Reports (STRs) with FIU-IND
• Reporting of prescribed transactions as per regulatory thresholds
We maintain strict confidentiality and ensure no tipping-off to customers.

6. Record Retention

We maintain:
• KYC records and customer identification data
• Transaction records and supporting documents
All records are retained for a minimum of 5 years or as prescribed under applicable laws.

7. Sanctions & Screening

We screen customers against:
• Sanctions lists issued by competent authorities
• Lists relating to terrorism financing and prohibited entities
Transactions involving listed individuals/entities are handled in accordance with regulatory requirements.

8. Internal Controls & Governance

• Appointment of a Designated Director and Principal Officer
• Periodic internal audits and compliance reviews
• Robust internal control mechanisms to ensure adherence

9. Employee Training

We conduct ongoing training programs to:
• Enhance awareness of AML/CFT obligations
• Ensure timely identification and reporting of suspicious activities

10. Data Confidentiality

Customer information is treated as strictly confidential and is disclosed only to regulatory authorities as required under law.

11. Policy Review & Updates

This policy is reviewed periodically and updated in line with regulatory changes and evolving risk scenarios.

12. Contact Details

For AML/CFT compliance-related queries:
👤 Principal Officer: Sudipta Mondal
📧 Email: 📍 Registered Office: 3rd floor , Module 302, Webel IT Park Phase I, Action Area 1 , New Town , Kolkata 700156