AML & KYC Policy
Last Updated: October 2025
Mahadev Book is committed to maintaining the highest standards of integrity, transparency, and legal compliance.
This Anti-Money Laundering (AML) and Know Your Customer (KYC) Policy explains how mahadevbookks.com safeguards its platform against misuse, fraud, or illegal financial activities.
While Mahadev Book functions as an informational and educational platform—not a financial intermediary—these principles demonstrate our dedication to ethical operations and responsible data practices.
1. Purpose of the Policy
The purpose of this policy is to establish clear guidelines for preventing, detecting, and reporting suspicious behavior, money-laundering risks, and identity misuse.
Mahadev Book aligns its internal controls with global AML standards, including FATF recommendations and Indian regulatory norms.
2. Legal Framework and Compliance
This policy is consistent with the Prevention of Money Laundering Act (PMLA) 2002, its amendments, and relevant RBI and FIU-IND advisories.
Though Mahadev Book is not a financial institution, it voluntarily adheres to these frameworks to ensure ethical compliance and to discourage any misuse of its platform.
3. Know Your Customer (KYC) Principles
KYC ensures that all user interactions occur with verified and legitimate individuals or organizations.
We require users engaging in any business collaboration, content submission, or affiliate-level activity to provide accurate identifying information such as:
- Full legal name and valid contact details;
- Verified email address and proof of business authenticity (for partners);
- Official documentation where legally necessary for commercial agreements.
4. Anti-Money Laundering (AML) Measures
Mahadev Book employs preventive and detective measures to mitigate the risk of money laundering or illicit transactions, including:
- Monitoring user activities for unusual patterns of communication or traffic;
- Restricting anonymous or proxy-based collaboration requests;
- Screening partner organizations for ethical and regulatory compliance;
- Maintaining secure records of due-diligence checks for audit purposes.
5. User Responsibility and Declarations
Users engaging with Mahadev Book—whether through affiliate requests, collaborations, or content contributions—must confirm that:
- Their identity and information are truthful and verifiable;
- They are not involved in money laundering, tax evasion, or fraudulent activity;
- Funds or assets used in any business transaction originate from legitimate sources.
6. Risk-Based Approach
Mahadev Book applies a proportional, risk-based approach to compliance.
The depth of due diligence depends on the level of user interaction.
For example, basic newsletter readers require minimal data handling, while collaborators or affiliates may undergo enhanced verification before approval.
7. Record-Keeping Standards
All verified documentation and communications are stored securely under encryption.
Records are retained for a minimum of five years after the end of the association to ensure accountability and support lawful investigations if required.
8. Detection and Reporting of Suspicious Activity
Any activity that appears fraudulent, deceptive, or inconsistent with the purpose of the platform may be flagged for internal review.
Serious violations are escalated to the designated compliance officer and, where required, to competent authorities in accordance with legal procedures.
9. Prohibited Activities
Mahadev Book strictly prohibits the following:
- Use of the platform for illegal or fraudulent transactions;
- Sharing content that promotes or enables money laundering or betting;
- Misrepresentation of identity during registration or communication;
- Attempting to bypass compliance checks or falsify information.
10. Training and Awareness
All Mahadev Book personnel involved in operations, editorial, or partnership management receive regular training in compliance awareness, data handling, and ethical communication practices.
11. Third-Party Partnerships
Before entering into collaborations, Mahadev Book performs a background check on partners, including their business credentials, compliance track record, and reputation.
Partners are expected to uphold similar AML & KYC standards to ensure mutual accountability.
12. Confidentiality and Data Protection
All user-provided data collected during verification processes is handled in accordance with the Privacy Policy and Data Protection Policy.
Mahadev Book uses industry-standard encryption and access controls to prevent unauthorized disclosure or misuse of personal information.
13. Reporting and Cooperation with Authorities
In the event of suspected criminal activity, Mahadev Book fully cooperates with competent authorities by providing relevant information as required under the law.
All disclosures are made responsibly, preserving user privacy within the limits of legal obligation.
14. User Rights and Redressal
Users who believe their verification process has been mishandled or that their personal information has been used incorrectly may file a formal complaint under our Grievance Redressal Policy.
All complaints are reviewed promptly and addressed in a fair and transparent manner.
15. Policy Review and Update
The AML & KYC Policy is reviewed annually by the compliance team to ensure alignment with new laws, data-protection norms, and best-practice standards.
Significant updates are published under the Transparency Report section of our website.
16. Related Policies
This document should be read in conjunction with:
17. Final Commitment
Mahadev Book operates with zero tolerance toward money laundering, identity fraud, or unethical practices.
Our systems, policies, and culture are designed to preserve user trust, comply with international standards, and uphold the values of honesty and transparency in every interaction.
© 2025 Mahadev Book. All Rights Reserved.
