KYC / AML Policy
Avenor maintains customer due-diligence and financial-crime controls appropriate to its activities and applicable Indian legal and regulatory requirements. Being a registered reporting entity, where applicable, does not mean every product or transaction is automatically authorized; services remain subject to the scope of registration and applicable law.
1. Customer due diligence
Avenor may verify identity, beneficial ownership, address, source of funds or wealth, business activity, purpose of transactions and other information required for risk assessment.
2. Enhanced due diligence
Additional checks may apply to higher-risk customers, transactions, jurisdictions, counterparties or transaction patterns. Avenor may request supporting documents or explanations before approving a transaction.
3. Screening and monitoring
Customers and transactions may be screened against applicable sanctions and watchlists and monitored for unusual or suspicious activity. Where legally required, information may be reported to competent authorities.
4. Record keeping
Avenor maintains relevant records for the periods required by applicable law and internal compliance procedures. Access to records is restricted according to legitimate business and legal requirements.
5. Cooperation
Clients are expected to provide complete, accurate and current information and to promptly respond to reasonable compliance requests. Failure to provide required information may result in a service being declined, delayed or restricted.