KYC / AML Policy

Our obligation

Merisis Wealth Pvt. Ltd. is required by the Prevention of Money Laundering Act (PMLA) 2002 and SEBI regulations to maintain KYC records for all clients and to report suspicious transactions as required by law.

KYC requirements

Before we can accept an investment, we are required to complete KYC verification for all clients. This includes:

• PAN card verification
• Proof of identity (Aadhaar or other SEBI-approved document)
• Proof of address
• Photograph
• Bank account details
• Demat account details
• For non-individual investors: additional entity documentation as required

NRI documentation

For NRI clients, additional documentation is required including NRE/NRO account details, overseas address proof, and FEMA declarations.

Beneficial ownership

We are required to identify the beneficial owner of all accounts. For corporate clients, we require identification of all beneficial owners holding 25% or more of the company.

AML monitoring

We monitor all client transactions for suspicious activity as required under PMLA and SEBI regulations. Suspicious transactions are reported to the Financial Intelligence Unit (FIU-IND) as required by law.

Document retention

KYC documents are retained for a minimum of five years after the end of the client relationship, or such longer period as required by applicable law.