AML & KYC Policy
Last updated: 2026 · Finzeco · Flipnbuy Private Limited · State of Madhya Pradesh, India
Finzeco’s anti-money-laundering and Know-Your-Customer commitments for its payment and fintech services.
Purpose
This policy sets out how Finzeco, through Flipnbuy Private Limited and its regulated partners, prevents money laundering, terrorist financing and fraud in line with the Prevention of Money Laundering Act, 2002 and applicable RBI/NPCI guidelines.
Customer due diligence
- Identity verification (PAN, Aadhaar, GST, bank) before enabling regulated services.
- Risk-based ongoing monitoring of transactions for unusual or suspicious patterns.
- Enhanced due diligence for higher-risk profiles and elevated transaction limits.
Monitoring & reporting
We use rule-based and AI-assisted screening to flag anomalies. Suspicious activity may be reported to the Financial Intelligence Unit (FIU-IND) and other authorities as required, and accounts may be restricted pending review.
Record keeping
KYC records and transaction data are retained for the periods mandated by law, and handled per our Privacy and Data Protection policies.
This document is a general template covering an integrated fintech & e-commerce business and should be vetted by a qualified professional before statutory filing or publication.