AML Policy

Anti-Money Laundering (AML) Policy is mandated and promulgated by Indian law to prevent money laundering, terrorist funding, financial fraud and generation of income through fraudulent and unlawful means. Zecoex is fully committed to ensure complete compliance with the law and provide safe and transparent services.

Zecoex Anti Money Laundering (AML) Policy is designed to prevent money laundering by meeting obligations of Prevention of Money Laundering Act, 2002 (PMLA) including through processes, systems and controls in place. Anti-Money Laundering Policy lays down the following guidelines: -has set some rules to be followed. In pursuance of these laws, Zecoex has implemented these laws through the institution of following measures :-

  • Appointment of a Money Laundering Reporting Officer (MLRO) with sufficient level of seniority and independence being responsible for ensuring compliance with relevant legislation, rules & regulations.
  • Establishing and maintaining strict compliance with established KYC norms to prevent fraud.
  • Fully compliant with established KYC norms for verification of identity.
  • Maintenance of a repository of client database through an automated and retrievable archival system with backup facility on cloud.
  • Real time monitoring of orders being placed without tampering with the anonymity of such transactions as mandated by law.
  • Allowing trade only for registered users who have been verified through an established process.