KYC & Anti-Money Laundering Policy

This Know Your Customer (KYC) and Anti-Money Laundering (AML) Policy governs all users, independent direct sellers, franchise operators, and precious metal buyers of Avantara Global.

Avantara Global enforces strict adherence to the Prevention of Money Laundering Act, 2002 (PMLA), the Prevention of Money-Laundering (Maintenance of Records) Rules, 2005, Master Directions issued by the Reserve Bank of India (RBI), and directives issued by Financial Intelligence Unit - India (FIU-IND).

Every member seeking distributor status, payout disbursement, or bullion redemption must complete our multi-tier verification process:

To ensure total statutory transparency and statutory compliance with Tax Deducted at Source (TDS) under Section 194H of the Income Tax Act:

• Payout Hold: No sales commissions, direct referral bonuses, or leadership incentives will be credited or transferred until the member's KYC is formally approved by our compliance desk.
• TDS Compliance: Without a valid verified PAN, TDS will be withheld at higher statutory rates (20% under Section 206AA) as mandated by Indian tax law.
• Profile Lock: Once approved, critical KYC fields (Name, PAN, Bank Details) cannot be modified without submitting formal gazette/notarized affidavits to the compliance cell.

Precious metals (24K Gold and Bullion) are subject to stringent AML protocols:

Our automated risk-scoring systems continuously monitor for unusual activity, including:

• Sudden spikes in high-volume utility recharges or bookings from newly opened accounts without authentic commercial rationale.
• Multiple accounts registered using identical IP addresses, device IDs, or associated bank accounts ("smurfing" / layering).
• Mismatched geographical profiles between account registration, login geolocation, and recipient delivery address.

Avantara Global reserves the right to freeze flagged accounts, conduct enhanced due diligence (EDD), and report Suspicious Transaction Reports (STRs) to regulatory authorities without prior notice to the user.

All submitted identification proofs, masked Aadhaar documents, and banking verification logs are stored in AES-256 encrypted archival vaults with zero unauthorized employee access.

In accordance with Section 12 of the Prevention of Money Laundering Act, 2002, Avantara Global maintains all KYC records, transaction histories, and tax invoices for a mandatory minimum period of 5 years following the cessation of the business relationship.