ZynoviqDomains
KYC and AML: the rules decide who gets onboarded.
Banks, NBFCs and fintechs use AI to verify documents, assign risk categories, decide what due diligence applies and flag suspicious transactions. Mistakes either let risk through or turn good customers away — and both draw regulatory attention.
What we plan to cover
| Area | Example judgment |
|---|---|
| Customer due diligence | Which documents and checks apply to this customer type |
| Risk categorisation | Low, medium or high risk, and why |
| Enhanced due diligence | When it is required, and what it involves |
| Periodic updates | When re-KYC is due |
| Suspicious activity | Whether a pattern meets the threshold for escalation |
Sources
The Prevention of Money-Laundering Act and rules, and RBI's KYC directions, with "valid as of" dates (scope agreed with first buyers).
Professionals
Compliance officers and AML specialists with Indian banking experience (recruited as the domain opens).
KYC and AML AI testing — FAQ
What KYC and AML tasks would be tested?+
Customer due diligence, risk categorisation, enhanced due diligence, re-KYC timing and suspicious-activity escalation.
Which rules would answers rest on?+
The Prevention of Money-Laundering Act and rules and RBI's KYC directions.
When will KYC testing open?+
It is on the roadmap; the earliest planned opening is 2028.