AML & KYC Policy

Last updated: June 2026 — operational draft pending legal review.

1. Customer Due Diligence (CDD)

All customers transacting above the non-KYC threshold (shown on the pricing page) must complete KYC verification: government photo ID (PAN), proof of address (Aadhaar), and a live selfie. Documents are reviewed by trained staff before activation.

2. Enhanced Due Diligence (EDD)

EDD is applied to politically exposed persons (PEPs), high-value customers, and any account flagged by transaction monitoring. EDD may require source-of-funds documentation.

3. Transaction monitoring

All orders are monitored for: unusual size, rapid in/out patterns, structuring below limits, mismatch between declared and observed activity, and counterparty risk. Flagged orders are held pending review.

4. Reporting

Suspicious Transaction Reports (STRs) and Cash Transaction Reports (CTRs) will be filed with the FIU-IND as required under PMLA. Customers will not be informed of STR filings.

5. Sanctions screening

All KYC submissions are screened against UN, OFAC, and Indian sanctions lists. Matches are blocked.

6. Designated officers

NexusINR will appoint a Principal Officer and a Designated Director under PMLA Rule 7 prior to full public launch. Contact details will be published on the Grievance page.