Effective Date: [Insert Effective Date]
GREYSTAR BIOTECH PRIVATE LIMITED ("Company", "Greystar Biotech", "we", "our", or "us") is committed to preventing money laundering, terrorist financing, fraud, identity theft, financial crimes, and other unlawful activities through its website, mobile application, e-commerce platform, direct selling network, and related business operations.
This Anti-Money Laundering (AML) Policy establishes the standards, procedures, and controls implemented by the Company to detect, prevent, investigate, and report suspicious financial activities in accordance with applicable laws of India.
Company Name: GREYSTAR BIOTECH PRIVATE LIMITED
CIN: U47190BR2024PTC068150
Registered Office: DS1D, Ward No. 12, Village Post Begampur, Samastipur, Bihar – 848101, India
Email: support@greystarworld.in
The purpose of this Policy is to:
The Company may require identity verification and KYC documentation before allowing participation in certain activities including:
Users may be required to submit Aadhaar Card, PAN Card, Passport Size Photograph, Bank Account Details, Cancelled Cheque, Passbook, or other supporting documents.
The following activities are strictly prohibited:
The Company reserves the right to monitor transactions and account activities for suspicious behavior.
Transactions may be reviewed where unusual patterns are detected, including:
Where required, the Company may request additional information regarding the source of funds used for purchases, deposits, or business activities.
Failure to provide satisfactory information may result in restrictions, suspension, or termination of account privileges.
The Company reserves the right to conduct enhanced due diligence for:
The Company may temporarily restrict:
Such restrictions may be applied pending investigation or compliance review.
The Company reserves the right to cooperate with law enforcement agencies, regulatory authorities, government departments, courts, and other competent authorities where suspicious activity is detected or where disclosure is required by law.
Information may be disclosed without prior notice where legally required.
The Company may retain KYC records, transaction data, account information, communications, payment records, withdrawal history, and compliance-related documents for the period required by applicable laws and business requirements.
The Company may engage third-party verification services, payment gateway providers, banking partners, fraud detection services, compliance vendors, and technology providers to assist in AML compliance and risk management.
Every customer, distributor, and Independent Business Owner (IBO) agrees to:
Violation of this AML Policy may result in one or more of the following actions:
The Company shall not be liable for any loss arising from account restrictions, transaction reviews, delayed withdrawals, compliance investigations, or actions taken in good faith to comply with legal and regulatory obligations.
GREYSTAR BIOTECH PRIVATE LIMITED reserves the right to amend, modify, replace, update, suspend, or withdraw this AML Policy at any time without prior notice.
The latest version published on the website shall govern all users and transactions.
This Policy shall be governed by and construed in accordance with the laws of India.
Any dispute arising under this Policy shall be subject to the exclusive jurisdiction of the competent courts located in Samastipur, Bihar.
GREYSTAR BIOTECH PRIVATE LIMITED
CIN: U47190BR2024PTC068150
DS1D, Ward No. 12, Village Post Begampur,
Samastipur, Bihar – 848101, India
Email: support@greystarworld.in
