All terms defined in the Terms of Service and the Privacy Policy will carry the same meaning, force, and effect in this AML Policy.
a) “Applicable Law” means the law in force for the time being within the territory of India;
b) “Suspicious Transaction” means a transaction, whether or not made in cash which, to a person acting in good faith:
i. Give rise to a reasonable ground of suspicion that it may involve proceeds of an offense specified in the Schedule to the Act, regardless of the value involved; or
ii. Appears to be made in circumstances of unusual or unjustified complexity; or
iii. Appears to have no economic rationale or bona fide purpose; or
iv. gives rise to a reasonable ground of suspicion that it may involve financing of the activities relating to terrorism;
Explanation.—Transaction involving financing of the activities relating to terrorism includes transaction involving funds suspected to be linked or related to, or to be used for terrorism, terrorist acts or by a terrorist, terrorist organization or those who finance or are attempting to finance terrorism
a) “Applicable Law” means the law in force for the time being within the territory of India;
b) “Suspicious Transaction” means a transaction, whether or not made in cash which, to a person acting in good faith:
i. Give rise to a reasonable ground of suspicion that it may involve proceeds of an offense specified in the Schedule to the Act, regardless of the value involved; or
ii. Appears to be made in circumstances of unusual or unjustified complexity; or
iii. Appears to have no economic rationale or bona fide purpose; or
iv. gives rise to a reasonable ground of suspicion that it may involve financing of the activities relating to terrorism;
Explanation.—Transaction involving financing of the activities relating to terrorism includes transaction involving funds suspected to be linked or related to, or to be used for terrorism, terrorist acts or by a terrorist, terrorist organization or those who finance or are attempting to finance terrorism