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Anti-Money Laundering (AML) & Know Your Client (KYC) Policy

This Anti-Money Laundering (AML) and Know Your Client (KYC) Policy describes the principles and procedures adopted by CandleSignals, the research services brand of B-CUBE Consulting Private Limited, to comply with applicable legal and regulatory requirements relating to client identification, customer due diligence and the prevention of money laundering and terrorist financing.This Policy forms part of the compliance framework governing research services provided by CandleSignals and should be read together with the Research Analyst Services Agreement, DPDP Consent & Privacy Notice, Privacy Policy and other applicable regulatory documents.

Estimated reading time: 8–10 minutes

ParticularDetails
DocumentAML / KYC Policy
Version1.0
Effective Date20th May 2026
Last Reviewed21 July 2026
Applicable To

All prospective and existing clients

Regulatory FrameworkPrevention of Money Laundering Act, 2002 (PMLA), Prevention of Money Laundering (Maintenance of Records) Rules, 2005, SEBI (Research Analysts) Regulations, 2014, applicable SEBI Master Circulars and other applicable laws

Regulatory & Compliance Library

Access all regulatory disclosures, investor information, grievance mechanisms, statutory policies and accessibility documents published by CandleSignals.

Registration & Disclosures

Client Documents & Policies

Investor Grievance Redressal

Accessibility


1. PURPOSE

This AML / KYC Policy sets out the principles adopted by CandleSignals to comply with applicable legal and regulatory requirements relating to client identification, customer due diligence and the prevention of money laundering and terrorist financing.

CandleSignals is registered with the Securities and Exchange Board of India (SEBI) as a Research Analyst (Non-Individual) and provides research services in accordance with the SEBI (Research Analysts) Regulations, 2014.

As part of its regulatory obligations, CandleSignals verifies the identity of prospective clients, conducts appropriate due diligence and maintains records in accordance with applicable legal and regulatory requirements.

Nature of Business

CandleSignals provides research services only. It does not:

  • accept deposits;
  • manage client funds or securities;
  • execute trades on behalf of clients;
  • provide stock broking services;
  • provide portfolio management services; or
  • act as a custodian of client assets.

Accordingly, this Policy has been designed having regard to the nature and scope of the Company’s regulated activities.

2. APPLICABILITY

This Policy applies to:

  • all prospective clients seeking to subscribe to CandleSignals research services;
  • existing clients receiving research services;
  • authorised representatives, where applicable; and
  • any other person where client identification or due diligence is required under applicable law.

Compliance with this Policy forms part of the client onboarding process.

CandleSignals may require clients to provide information, documents or declarations necessary to comply with applicable legal or regulatory requirements before research services are activated.

Nothing contained in this Policy limits any obligation imposed upon CandleSignals or its clients under applicable laws or directions issued by SEBI or any other competent authority.

3. KNOW YOUR CLIENT (KYC)

CandleSignals is committed to complying with applicable Know Your Client (KYC) requirements as part of its client onboarding and regulatory compliance framework.

Before providing research services, CandleSignals ordinarily requires clients to complete the prescribed KYC process through the authorised onboarding platform.

Depending upon applicable legal and regulatory requirements, the KYC process may include:

  • verification of identity;
  • verification of contact details;
  • verification of Permanent Account Number (PAN);
  • verification through authorised KYC Registration Agencies (KRAs), where applicable;
  • collection of declarations and regulatory information; and
  • execution of the documents required for onboarding.

Research services may be activated only after the required onboarding formalities have been completed to the satisfaction of CandleSignals.

4. CLIENT IDENTIFICATION AND VERIFICATION

CandleSignals adopts reasonable procedures to verify the identity of prospective clients before commencing research services.

Verification may be carried out using one or more methods permitted under applicable law, including:

  • verification of identity documents;
  • PAN verification;
  • KYC Registration Agency (KRA) verification;
  • electronic KYC processes;
  • authentication through authorised service providers; or
  • any other verification process permitted under applicable legal or regulatory requirements.

Where considered necessary, CandleSignals may request additional information or supporting documents for the purpose of completing identity verification.

Failure to provide information reasonably required for verification may result in delay, suspension or refusal of onboarding.

5. CLIENT DUE DILIGENCE

CandleSignals conducts client due diligence as part of its regulatory compliance framework.

The extent of due diligence may vary depending upon:

  • applicable legal and regulatory requirements;
  • the nature of the research services requested;
  • the information provided during onboarding;
  • risk-based assessment; and
  • any other relevant circumstances.

Client due diligence may include:

  • verification of identity and KYC information;
  • review of onboarding information and declarations;
  • verification of information through authorised sources, where applicable;
  • assessment of consistency and completeness of information provided; and
  • obtaining additional information or clarification where reasonably necessary.

CandleSignals reserves the right to decline, defer or discontinue onboarding where client due diligence cannot be completed to its satisfaction or where required by applicable law or regulatory requirements.

6. ONGOING DUE DILIGENCE

CandleSignals may undertake ongoing due diligence throughout the duration of its relationship with a client to ensure that client information remains accurate, complete and consistent with applicable legal and regulatory requirements.

Where considered necessary, CandleSignals may request clients to:

  • update KYC information;
  • provide revised contact or identification details;
  • furnish additional declarations or supporting documents; or
  • complete periodic re-verification or regulatory compliance requirements.

Clients are expected to promptly notify CandleSignals of any material change in their identity, contact information or other information relevant to the provision of research services.

Failure to provide updated information or cooperate with reasonable due diligence requirements may result in suspension, restriction or termination of research services, subject to applicable law and contractual terms.

7. ANTI-MONEY LAUNDERING MEASURES

CandleSignals is committed to complying with applicable anti-money laundering and counter-terrorist financing requirements in accordance with the Prevention of Money Laundering Act, 2002, applicable rules and SEBI requirements.

The Company adopts a risk-based approach to client onboarding and due diligence appropriate to the nature of its research services.

As part of its compliance framework, CandleSignals may:

  • implement appropriate customer due diligence procedures;
  • maintain records as required by applicable law;
  • monitor compliance with applicable regulatory requirements;
  • report transactions or information where required by law; and
  • cooperate with competent regulatory or law enforcement authorities.

To preserve the effectiveness of its compliance programme, CandleSignals does not publicly disclose the detailed methodologies, monitoring parameters or internal controls used for anti-money laundering compliance.

8. SANCTIONS, SCREENING AND REGULATORY COMPLIANCE

Where required by applicable law or considered appropriate for regulatory compliance, CandleSignals may undertake screening and verification of clients against applicable regulatory or statutory databases, sanctions lists or other authorised sources.

The Company reserves the right to request additional information or documentation where necessary to comply with applicable legal or regulatory obligations.

If CandleSignals identifies circumstances that may present legal, regulatory or compliance concerns, it may:

  • seek further clarification or supporting information;
  • defer activation of research services;
  • decline or discontinue onboarding; or
  • take such other action as may be required or permitted under applicable law.

Nothing contained in this Policy shall prevent CandleSignals from complying with any statutory reporting, disclosure or cooperation obligations imposed by applicable law.

9. RECORD RETENTION

CandleSignals maintains records relating to client identification, KYC documentation, due diligence and other regulatory information in accordance with applicable legal and regulatory requirements.

Such records may be retained for the period prescribed under:

  • the Prevention of Money Laundering Act, 2002;
  • the Prevention of Money Laundering (Maintenance of Records) Rules, 2005;
  • the SEBI (Research Analysts) Regulations, 2014;
  • applicable SEBI circulars; and
  • any other applicable law or regulatory direction.

Where the applicable retention period has expired and continued retention is no longer required, records may be securely archived, anonymised or disposed of in accordance with applicable legal requirements and the Company’s record management procedures.

10. REFUSAL, SUSPENSION OR TERMINATION OF SERVICES

CandleSignals reserves the right to refuse, suspend or terminate research services where:

  • the required KYC process cannot be satisfactorily completed;
  • the client fails to provide information reasonably required for regulatory compliance;
  • information or documents provided are found to be inaccurate, incomplete or misleading;
  • continued provision of services may result in non-compliance with applicable law or regulatory requirements;
  • services are required to be suspended or terminated pursuant to applicable law, regulatory direction or contractual provisions; or
  • any other circumstance exists that, in the reasonable opinion of CandleSignals, prevents the lawful or compliant provision of research services.

Any such action shall be taken in accordance with applicable law, regulatory requirements and the Research Analyst Services Agreement.

11. POLICY REVIEW

CandleSignals may review and revise this AML / KYC Policy from time to time to reflect:

  • changes in applicable laws;
  • amendments to regulatory requirements;
  • changes in business operations;
  • developments in compliance practices; or
  • other operational or legal considerations.

The latest version of this Policy shall be published on the CandleSignals website and shall become effective from the Effective Date specified in the revised document.

12. CONTACT FOR AML / KYC QUERIES

Questions relating to this Policy or requests for clarification regarding AML or KYC requirements may be addressed to CandleSignals using the contact details below.

B-CUBE Consulting Private Limited

Research Services Brand: CandleSignals

SEBI Registration No.: INH000027016

Registered Office

8-3-167/K43/507, Flat No. 507
Leeladhar Enclave
Kalyan Nagar Venture III
Mothi Nagar
Hyderabad – 500018
Telangana, India

Website: https://candlesignals.com

Email: support@candlesignals.com

Regulatory Compliance

Nothing contained in this Policy shall limit or affect any obligation imposed upon CandleSignals under:

  • the Prevention of Money Laundering Act, 2002;
  • the Prevention of Money Laundering (Maintenance of Records) Rules, 2005;
  • the SEBI (Research Analysts) Regulations, 2014;
  • applicable SEBI circulars and directions; or
  • any other applicable law or direction issued by a competent authority.

In the event of any inconsistency between this Policy and applicable law, the provisions of applicable law shall prevail to the extent of such inconsistency.

Related Documents

This Policy should be read together with:

  • Research Analyst Services Agreement
  • DPDP Consent & Privacy Notice
  • Privacy Policy
  • Mandatory Disclosures