Rize Exchange – AML & CFT Policy

Operated by: Fingoole Technologies Pvt. Ltd.
CIN: U74999MH2013PTC248695
Jurisdiction: Mumbai, India

Rize Exchange is operated by Fingoole Technologies Pvt. Ltd. and is committed to preventing money laundering, terrorist financing, fraud, and other financial crimes. This Anti-Money Laundering (AML) and Counter-Financing of Terrorism (CFT) Policy is framed in accordance with the Prevention of Money Laundering Act, 2002 (PMLA), rules thereunder, and applicable guidelines issued by FIU-IND.

This policy outlines the principles, controls, and procedures adopted by Rize Exchange to ensure regulatory compliance and maintain the integrity of its INR-settled derivative trading platform.

1. Purpose

The purpose of this policy is to establish a robust framework for detecting, preventing, and reporting money laundering, terrorist financing, and other prohibited activities on the Rize Exchange platform.

2. Scope

This policy applies to all users, employees, directors, officers, contractors, and all INR-settled derivative trading activities conducted on the Rize Exchange platform.

3. Regulatory Framework

• Prevention of Money Laundering Act, 2002 (PMLA)
• FIU-IND rules, notifications, and reporting guidelines
• Information Technology Act, 2000
• Applicable RBI, SEBI, and Government of India notifications

4. Governance & Oversight

A Designated Director is responsible for overall AML compliance. A Principal Officer acts as the nodal point for FIU-IND and is responsible for suspicious transaction reporting (STR) and all regulatory communications.

5. Customer Due Diligence (CDD)

• Individuals:PAN, Aadhaar, address proof, and same-name bank account verification
• Corporates:Incorporation documents, CIN, PAN, GST, UBO details, and director KYC

6. Risk-Based Approach

Users are classified as Low, Medium, or High risk based on trading volume, behavior, source of funds, geographic exposure, and Politically Exposed Person (PEP) status.

7. PEP & Sanctions Screening

All users are screened against Indian PEP databases, UN sanctions lists, RBI alerts, and SEBI debarred lists. Re-screening is conducted periodically and upon trigger events.

8. Ongoing Monitoring

• Wash trading and circular trading patterns
• Layering and structuring of transactions
• Unusual volumes or trading behavior
• Third-party or mismatched fund usage

9. Enhanced Due Diligence (EDD)

Enhanced Due Diligence is applied to PEPs, high-risk users, and high-value traders. This may include source of funds or wealth verification and senior management approval.

10. Reporting

Suspicious activities are investigated internally and reported to FIU-IND within prescribed timelines as per applicable laws.

11. Record Retention

All AML, KYC, and transaction records are retained for a minimum of five (5) years or longer if required by law.

12. Training & Audit

Employees undergo periodic AML training. Independent AML audits are conducted to ensure effectiveness and regulatory compliance.

13. Confidentiality

All AML-related processes, data, and reports are treated as strictly confidential and disclosed only to regulators or authorities as required by law.

Contact Information

Support Email: support@rize.exchange

Registered Office: Mahant Chambers, 402, Rd No. 34, Sathe Nagar, Jai Bhavani Nagar, Wagle Industrial Estate, Thane West, Maharashtra – 400604.

Disclaimer: This policy is for informational purposes only and does not constitute legal advice. Regulatory requirements for financial and derivative platforms in India are subject to change.