Anti-Money Laundering (AML) Policy

Last Updated: 01st November 2025

Paynxt is committed to preventing money laundering, terrorist financing, fraud, and other financial crimes.

1. Operating Model

Paynxt operates strictly as a technology service provider that enables businesses to initiate payouts through licensed financial institutions.

Paynxt does not collect, pool, hold, or transfer customer funds.

2. Business Verification

We implement risk-based onboarding procedures which may include:

• Business registration verification
• GST / PAN validation
• Authorized signatory verification
• Bank account validation
• Business activity review

3. Transaction Monitoring

We maintain internal controls designed to identify suspicious patterns including:

• Unusual transaction behavior
• Rapid payment spikes
• High-risk industries
• Structuring attempts

Where required, we may escalate concerns to our banking partners or regulatory authorities.

4. Prohibited Activities

• Money laundering
• Terrorist financing
• Fraudulent businesses
• Shell company activity
• Sanctions evasion

5. Reporting

Paynxt reserves the right to report suspicious activity to licensed financial institutions and relevant authorities in accordance with applicable laws.

6. Cooperation

We cooperate fully with banking partners, regulators, and law enforcement agencies when legally required.

7. Policy Updates

This policy may be updated periodically to reflect evolving regulatory expectations.

Contact

compliance@paynxtwb.com

NIL, NIL, SITALKUCHI ROAD, JORPATKI BAZAR, Cooch Behar, West Bengal, 736146