KYC & AML Policy
Know Your Customer and Anti-Money Laundering compliance.
1. Regulatory Framework
FanzPay complies with the Prevention of Money Laundering Act, 2002 (PMLA), RBI Master Directions on KYC (as amended), and FIU-IND reporting obligations, in coordination with our licensed payment partners.
2. Customer Due Diligence (CDD)
All creators requesting payouts must complete CDD by submitting: PAN card, Aadhaar (or equivalent OVD), a proof of bank/UPI account, and a live selfie for face-match.
3. Enhanced Due Diligence (EDD)
For high-value transactions or higher-risk profiles, additional documentation and video-KYC may be requested.
4. Transaction Monitoring
All wallet, gift, subscription, and payout transactions are monitored in real time for suspicious patterns. Flagged accounts may be frozen pending investigation.
5. Reporting
Suspicious Transaction Reports (STR) and Cash Transaction Reports (CTR), where applicable, are filed with FIU-IND through our payment aggregator partners.
6. Record Retention
KYC and transaction records are retained for at least 5 years from the date of transaction, per PMLA.
7. Prohibited Regions
Users from FATF-blacklisted jurisdictions are not permitted.