Anti-Money Laundering (AML) & Prevention of Money Laundering Act (PMLA) Policy
Algoscreeners is committed to preventing money laundering and terrorist financing activities and complies with applicable provisions of the Prevention of Money Laundering Act, 2002 (PMLA) and related regulatory requirements.
Our AML framework includes:
- Customer identification and verification procedures.
- Monitoring of suspicious transactions where applicable.
- Record maintenance as prescribed by law.
- Reporting of suspicious activities to competent authorities when required.
- Employee awareness and compliance monitoring.
Users shall provide accurate and complete information wherever required. Any suspicious, fraudulent, misleading, or unlawful activity may result in suspension or termination of access and reporting to appropriate authorities.
Algoscreeners reserves the right to seek additional documentation to comply with regulatory obligations.