Incentive Money Transfer, IMT is very much particular about money laundering and has the strong policy of not dealing with money not having clear source of income. Different measures are adopted to detect if the depositor’s money is earned by illegal means such as smuggling, terrorist activities, drug trafficking or women trafficking. Main measures are as follows:

Proper identification

Submission of correct name, address of the costumer is mandatory. In order to this, we ask the costumer to produce valid passport and ID card. After the proper verification with original, a set of photocopy is kept in office.

Transaction watch

A mechanism has also been developed to check if the customer tries to break up the transaction or split with purpose to remit money more than permitted

Customer is required to fill up a form where the information likes source of income and purpose of remittance has to be clearly mentioned. Such information is checked and verified by our trained staff. Its also checked that if the amount exceeds the threshold limits as per the law of land and its regulations and the policy of IMT.