Dear Customer,

Kindly refer below Educational note on Anti Money Laundering (AML) and Combating Financing of Terrorism (CFT).
  Prevention of Money Laundering Act (PMLA):  
The Prevention of Money Laundering Act, 2002 (PMLA) forms the core of the legal framework put in place by Government of India to combat money laundering
PMLA defines money laundering offence and provides for the freezing, seizure and confiscation of the proceeds of crime and also punishment extending to imprisonment and / or fines
Any process or activity wherein proceeds of crime is projected or claimed as untainted money is termed as money laundering
Financial Intelligence Unit - India (FIU-IND) was set by the Government of India to implement the provisions of PMLA which includes but not limited to receiving, processing, analyzing and disseminating information relating to suspect financial transactions
All market intermediaries including Stock Brokers and Depository Participants (DP) as well as Stock Exchanges and Depositories are required under law to take all necessary actions to implement provisions/ requirements of the Act
  Your obligations under PMLA:  
Please ensure your account is not used / operated as a front for any other person
Please provide correct details at the time of submitting the Know Your Client
  (KYC) or KYC Modification Form, including details of your occupation.
Always transfer funds and securities which are actually and beneficially owned by you, all transfers must be from bank / depository account(s) held only in your name
Any change in your Residential status, address, etc. should be immediately informed to Axis Securities Limited (ASL)
Submit your source of income, financial details at regular intervals (at least once in a year) or as and when required by ASL
Do not share your User ID / Password / Aadhaar No. / OTP with any one
Please ensure details related to Income, Networth, Mobile number, Email address and Address updated by you only
Should you require more details with respect to PMLA, you are requested to visit website of FIU-IND - (
  For any clarification related to PMLA please email us at:

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