AML Screening
AML screening for AIF investors
Ensure compliance and protect your investments with mandatory world-checks per SEBI AML/CFT guidelines.
Compliance
Why AML screening is critical
Understanding the consequences of non-compliance and how Navigate AIF protects your investments.
Critical compliance alert
Failure to comply with SEBI's AML & CFT requirements can result in severe regulatory penalties, account freezes, and irreparable reputational damage. Navigate AIF's world-check service ensures your AIF is protected, compliant, and future-ready.
Process
How Navigate AIF assists
Our 5-step process ensures complete compliance with SEBI regulations.
Secure Onboarding & Data Collection
Collect and securely store investor data with bank-grade encryption and privacy controls.
- KYC document collection
- Beneficial ownership mapping
- Identity verification
- Secure data encryption
Automated Global Screening
Screen against comprehensive global databases for criminal, regulatory, and sanctions lists.
- Criminal background checks
- PEP (Politically Exposed Persons) verification
- Regulatory proceedings search
- UN & UAPA sanctions screening
Legal & Management Approvals
Structured approval workflow for flagged clients and PEP-related investments.
- Senior management review
- Legal compliance verification
- Risk assessment documentation
- Approval decision logging
Comprehensive Risk Assessment
Evaluate overall risk profile including source of funds and wealth verification.
- Source of funds analysis
- Geographic risk assessment
- Wealth verification
- Business relationship evaluation
Continuous Monitoring
Ongoing surveillance and periodic re-checks to ensure continued compliance.
- Real-time sanctions monitoring
- Periodic re-screening
- Adverse media tracking
- Regulatory updates integration
Regulatory
Regulatory spotlight
SEBI requirements with clause-by-clause compliance guidance.
SEBI Master Circular SEBI/HO/MIRSD/MIRSDSECFATF/P/CIR/2024/78
Criminal Background Verification
Mandatory checks before account opening to ensure clients don't have criminal backgrounds.
Politically Exposed Persons (PEP) Requirements
Proactive identification and enhanced due diligence for PEPs and their beneficial owners.
Sanctions & Terrorist List Screening
Mandatory screening against UN, UAPA and other designated terrorist/sanctions lists.
Central Nodal Officer (CNO) contact
Emergency reporting
+91-22-2644-9000
CNO email
cno@sebi.gov.in
Resources
Download compliance resources
Free resources to understand and implement SEBI world-check requirements.
SEBI compliance checklist
Complete checklist for all world-check requirements with step-by-step guidance.
DownloadSample AML screening report
Template for format and content of comprehensive screening reports.
DownloadRegulatory reference guide
SEBI Master Circular with clause-by-clause explanations.
DownloadFAQ
Frequently asked questions
Jurisdictional compliance, AML screening requirements, and SEBI regulations.
What if my investor is a PEP?
Obtain senior management approval, implement enhanced due diligence, verify sources of funds and wealth, and continuously monitor. Navigate AIF streamlines this with automated PEP screening and approval workflows.
How often must I re-check my investors?
High-risk (e.g. PEPs) annually; medium-risk every 2–3 years; low-risk every 3–5 years. Sanctions lists must be checked in real time for new transactions or status changes.
What happens if there's a sanctions list match?
Freeze account/transaction immediately, report to CNO within 24 hours, do not inform the client until instructed, and provide requested documentation. Navigate AIF provides immediate alerts and automated reporting.
What documentation is required for compliance?
KYC (PAN, Aadhaar, passport for foreign investors), proof of address, bank statements, source of funds/wealth, beneficial ownership, PEP declarations, and risk-based additions. Verify against original sources.
How are foreign investors handled?
Additional screening: international sanctions (OFAC, EU), enhanced due diligence for high-risk jurisdictions, regulatory approvals, and source-of-funds documentation. Navigate AIF handles multi-jurisdictional screening.
What are the costs of non-compliance?
Penalties from ₹1 lakh to ₹1 crore per violation, account freezes, license suspension or cancellation, criminal liability for willful violations, and lasting reputational damage.
