Anti-Money Laundering and Know Your Customer Policy — Shanmukha Finance.
Shanmukha Finance is committed to maintaining the highest standards of integrity in all its operations. As a loan facilitation and customer support service provider, we are committed to operating in a manner that prevents the misuse of our services for illegal activities, including money laundering, fraud, and financing of unlawful activities.
This policy outlines our approach to Anti-Money Laundering (AML) compliance and Know Your Customer (KYC) obligations in the context of our facilitation services.
Shanmukha Finance is a loan facilitation, advisory, referral, and support service provider. We are not a bank, NBFC, or registered lending institution. Accordingly, formal KYC verification and AML compliance obligations rest primarily with the lending institutions through which loan services are provided.
However, as a responsible service provider, we align our practices with the spirit of applicable regulations and actively cooperate with lending partners and regulatory authorities where required.
All customers seeking loan facilitation services through Shanmukha Finance may be required to provide KYC documentation including:
We encourage customers to submit accurate and authentic documents. Submission of false documentation is a criminal offense under applicable Indian law.
In alignment with best practices and the requirements of our lending partners, Shanmukha Finance may conduct basic customer due diligence including collection of identification information, verification of contact details, and confirmation that enquiries appear to align with legitimate financial needs.
Shanmukha Finance strictly prohibits the use of its services for: money laundering; terrorist financing; fraud or financial misrepresentation; activities involving proceeds of crime; or any activity prohibited under the Prevention of Money Laundering Act, 2002 (PMLA) or other applicable Indian laws.
Any suspicious activities identified during our service delivery will be reported to appropriate authorities and/or the relevant lending institution.
All lending institutions within our network are expected to comply with Reserve Bank of India (RBI) KYC/AML guidelines, applicable provisions of PMLA 2002 and rules thereunder, FATF recommendations applicable in the Indian context, and any sector-specific regulatory requirements.
Shanmukha Finance cooperates with lending partners to ensure that customers are guided through KYC requirements relevant to the lending institution involved.
Shanmukha Finance maintains records of customer interactions and submitted information for the periods required by applicable law and internal policy. Records may be shared with regulatory authorities upon lawful request.
Our team members are made aware of AML obligations relevant to facilitation services and are trained to identify and escalate potentially suspicious activity.
This policy is reviewed periodically and updated as required to reflect changes in applicable laws, regulations, and industry best practices.
For questions regarding our AML/KYC Policy, please contact us at info@shanmukhafinance.com or call 72229 44494.
Note: As a loan facilitation service provider, formal KYC verification and primary AML compliance obligations rest with the lending institutions. Shanmukha Finance supports and cooperates with these obligations and does not permit its services to be used for any illegal or suspicious purpose.