Notice: CoinConnect.in is for information and display purposes only. We do not host live trading services, provide trading advice, or custody customer funds. All on/off-ramp transactions are facilitated by our regulated partners.Notice: CoinConnect.in is for information and display purposes only. We do not host live trading services, provide trading advice, or custody customer funds. All on/off-ramp transactions are facilitated by our regulated partners.Notice: CoinConnect.in is for information and display purposes only. We do not host live trading services, provide trading advice, or custody customer funds. All on/off-ramp transactions are facilitated by our regulated partners.
CoinConnect

Last updated: 20 May 2026

Anti-Money Laundering (AML) & Know Your Customer (KYC) Policy

Rishi Jagariya Traders Private Limited (operating the CoinConnect brand) is committed to preventing the use of the Services for money laundering, terrorist financing, proliferation financing or any other financial crime. This Policy summarises the controls we apply, in line with the Prevention of Money Laundering Act, 2002 ("PMLA"), the PML Rules, 2005, FIU-IND guidance and FATF recommendations. Rishi Jagariya Traders Private Limited is currently in the process of registering with FIU-IND as a VDA Service Provider.

1. Principles

  • Risk-based approach to onboarding and ongoing monitoring.
  • Customer Due Diligence (CDD) before any transaction is enabled.
  • Enhanced Due Diligence (EDD) for higher-risk customers and transactions.
  • Ongoing transaction monitoring and Suspicious Transaction Reporting (STR) to FIU-IND.
  • No business with anonymous, shell or sanctioned counterparties.

2. Customer Due Diligence (CDD)

Before activating an account we collect and verify:

  • Full legal name, date of birth, gender and nationality.
  • Permanent Account Number (PAN).
  • Aadhaar / Officially Valid Document (OVD) as per RBI KYC Master Direction.
  • Current residential address.
  • Live photograph and signature.
  • For businesses: certificate of incorporation, PAN, GST registration, beneficial-owner declaration and director KYC.

3. Enhanced Due Diligence (EDD)

EDD applies to politically exposed persons, customers from higher-risk jurisdictions, large or unusual transactions, and any customer flagged by our risk-scoring engine. See our dedicated EDD Policy for the additional information collected.

4. Sanctions and PEP Screening

Every customer is screened at onboarding and on an ongoing basis against UN, OFAC, EU, UK and Indian sanctions lists, as well as PEP and adverse-media databases. Matches result in account suspension and escalation to the Principal Officer.

5. Transaction Monitoring

All transactions are monitored using rule-based and behavioural analytics. Indicators include structuring, rapid pass-through, mismatch with declared income/profile, links to flagged wallet addresses, and high-velocity activity. Suspicious activity is reviewed and, where appropriate, reported to FIU-IND via STR.

6. Reporting Obligations

  • Cash Transaction Reports (CTRs) for cash transactions above prescribed thresholds.
  • Suspicious Transaction Reports (STRs) without monetary threshold.
  • Counterfeit Currency Reports (CCRs) and Non-Profit Organisation Transaction Reports (NTRs) where applicable.
  • Records maintained for a minimum of five (5) years per PMLA.

7. Principal Officer & Designated Director

A Principal Officer and a Designated Director have been appointed under PMLA Section 13. They are responsible for the implementation of this Policy, communication with FIU-IND, and approval of STRs/CTRs.

8. Training

All employees and relevant contractors undergo AML/KYC training at onboarding and at least annually thereafter.

9. Contact

For AML/KYC queries write to support@coinconnect.com with the subject line "AML/KYC".