PMLA Compliance Policy

• Exchange between virtual digital assets and fiat currencies.
• Exchange between one or more forms of virtual digital assets.
• Transfer of virtual digital assets.
• Safekeeping or administration of virtual digital assets or instruments enabling control over virtual digital assets.
• Participation in and provision of financial services related to an issuer's offer and sale of a virtual digital asset.

Rishi Jagariya Traders Private Limited is currently in the process of registering with the Financial Intelligence Unit — India (FIU-IND) as a VDA Service Provider under PMLA. In the interim, all settlement is routed through partners already registered with FIU-IND. Rishi Jagariya Traders Private Limited maintains records that allow each reportable transaction to be reconstructed and shared with FIU-IND on demand.

We maintain records of identification documents, transaction details, account files and business correspondence for a minimum of five (5) years from the date of the transaction or the end of the business relationship, whichever is later.

• Suspicious Transaction Reports (STRs) to FIU-IND.
• Cash Transaction Reports (CTRs) as applicable.
• Cross-Border Wire Transfer Reports where required.
• Cooperation with FIU-IND audits and information requests.

The Designated Director and Principal Officer named under PMLA Section 13 are responsible for compliance, employee training, escalation of suspicious activity, and submission of statutory reports.

Customers are responsible for their own tax filings. Section 115BBH of the Income Tax Act, 1961 levies a 30% tax on income from the transfer of virtual digital assets, and Section 194S imposes 1% TDS on certain VDA transfers. Our partners deduct TDS where applicable.

Compliance queries: support@coinconnect.com