🇮🇳India

KYC अनुपालन दंड

2 verified sources

Definition

Pawn transactions require customer ID proofs and audit trails for legal compliance, but manual systems lead to missing records and penalties.

Key Findings

  • Financial Impact: ₹10,000-₹1 lakh per GST/RBI audit violation; ₹20-50 hours/month manual KYC reconciliation
  • Frequency: Quarterly audits; daily pledges
  • Root Cause: No automated upload/storage of ID proofs (Aadhaar, PAN) and audit logs

Why This Matters

The Pitch: Retail pawn shops in India face ₹10,000-₹1 lakh fines per audit violation. Automated KYC upload and logs eliminate compliance risks.

Affected Stakeholders

Branch managers, Compliance teams, Auditors

Deep Analysis (Premium)

Financial Impact

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Current Workarounds

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Methodology & Sources

Data collected via OSINT from regulatory filings, industry audits, and verified case studies.

Evidence Sources:

Related Business Risks

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