Effective Date: 01/09/2026
1. Introduction
Alpha Core Research, a proprietorship concern of Mr. Alok Singh, is a SEBI-registered Research Analyst engaged in providing independent research and market-related research services.
Alpha Core Research is committed to maintaining high standards of integrity, transparency and regulatory compliance in all its business activities. As part of this commitment, the firm recognizes the importance of preventing its services and financial channels from being misused for money laundering, terrorist financing or other unlawful activities.
This PMLA / Anti-Money Laundering (AML) Policy has been adopted with reference to the applicable requirements under the Prevention of Money Laundering Act, 2002 (PMLA), applicable rules, and the regulatory framework applicable to SEBI-registered Research Analysts.
2. Purpose of the Policy
The purpose of this Policy is to establish a framework for:
- Preventing the use of Alpha Core Research’s services for money laundering or terrorist financing.
- Identifying and verifying clients in accordance with applicable requirements.
- Understanding the nature and purpose of the client relationship where required.
- Maintaining appropriate records and documentation.
- Identifying and escalating unusual or suspicious transactions or activities.
- Complying with applicable regulatory requirements and directions.
- Protecting the integrity and reputation of Alpha Core Research.
3. Scope
This Policy applies to Alpha Core Research and its client onboarding, subscription, payment and research-service activities.
The Policy applies to transactions and client relationships undertaken through permitted payment channels, including bank transfers and UPI, and to information and documentation collected during the client onboarding process.
4. Know Your Client (KYC)
Alpha Core Research may collect and verify appropriate client information and documents as required under applicable laws and regulatory requirements.
Depending upon the nature of the relationship and applicable requirements, information may include:
- Full name
- PAN or other permitted identification information
- Contact details
- Address details
- Identity and address verification documents, where applicable
- Information relating to the purpose and nature of the relationship
- Other information or documents required for regulatory compliance
Client information will be obtained and handled in accordance with applicable legal, regulatory and privacy requirements.
5. Client Identification and Verification
Alpha Core Research may undertake reasonable measures to establish and verify the identity of its clients using appropriate and reliable information and documentation.
The firm may request additional information or documentation where necessary to satisfy applicable regulatory, KYC, AML or compliance requirements.
Where the required information or documentation is not satisfactorily provided, Alpha Core Research may decline, restrict, suspend or terminate the relevant service or client relationship, subject to applicable law.
6. Monitoring of Transactions
Alpha Core Research maintains appropriate controls over payments received for its research services.
Payments should be made through permitted and identifiable channels such as:
- Bank Transfer
- UPI
- Other payment channels that may be introduced in accordance with applicable regulatory requirements
The firm may review transactions or client activity where necessary to identify unusual, inconsistent or potentially suspicious activity.
Alpha Core Research does not knowingly permit its services or payment channels to be used for unlawful purposes.
7. Suspicious or Unusual Activity
Where Alpha Core Research identifies activity that appears unusual, inconsistent with the known nature of the client relationship, or potentially connected with money laundering, terrorist financing or another unlawful activity, the matter may be reviewed and escalated in accordance with applicable legal and regulatory requirements.
Where required by law or regulatory directions, relevant information may be reported to the appropriate authority.
Alpha Core Research will not disclose confidential regulatory reporting or investigation-related information where such disclosure is prohibited by applicable law.
8. Source of Funds
Where appropriate and required under applicable regulatory requirements, Alpha Core Research may seek information concerning the source or legitimacy of funds used for transactions relating to its services.
The firm may take appropriate action where satisfactory information cannot be obtained or where a transaction presents an unacceptable compliance risk.
9. Record Keeping
Alpha Core Research will maintain relevant client, transaction, KYC and compliance records in accordance with applicable laws, rules and regulatory requirements.
Records may include:
- Client identification information
- KYC and verification documents
- Transaction and payment information
- Relevant correspondence
- Compliance reviews
- Other records required under applicable regulations
Records will be retained for the period prescribed under applicable laws and regulations.
10. Compliance Responsibility
Mr. Alok Singh, Proprietor and SEBI-registered Research Analyst of Alpha Core Research, is responsible for overseeing the firm’s compliance framework, including applicable AML/CFT measures.
The firm may update its internal processes, controls and procedures from time to time to reflect changes in applicable laws, SEBI regulations, circulars, directions and other regulatory requirements.
11. Cooperation with Regulatory Authorities
Alpha Core Research will cooperate with SEBI, FIU-IND and other competent governmental or regulatory authorities as required under applicable law.
The firm will provide information or records to competent authorities where such disclosure is legally required or otherwise permitted under applicable regulatory requirements.
12. No Cash Transactions for Research Services
Alpha Core Research encourages clients to make payments through identifiable banking channels.
The firm does not encourage the use of anonymous or untraceable payment methods for its research services.
Payments through bank transfer and UPI should originate from an identifiable source and be made in accordance with the firm’s applicable payment and compliance procedures.
13. Policy Review
This Policy may be reviewed and updated periodically to reflect changes in:
- The Prevention of Money Laundering Act, 2002;
- Applicable PMLA Rules;
- SEBI regulations and circulars;
- AML/CFT requirements;
- KYC requirements;
- FIU-IND requirements; and
- Other applicable laws and regulatory directions.
The latest version published on this website shall supersede previous versions of this Policy.
14. Regulatory Status
Alpha Core Research is committed to complying with applicable AML/CFT and PMLA-related requirements applicable to its activities as a SEBI-registered Research Analyst.
FIU-IND related registration/compliance process is currently in progress. Alpha Core Research will complete applicable regulatory requirements within the prescribed framework and will update this Policy where necessary.
Nothing on this page should be interpreted as representing that Alpha Core Research has obtained any registration, approval or authorization that has not actually been granted by the relevant authority.
15. Contact
For questions relating to this Policy or AML/KYC compliance, clients may contact:
Alpha Core Research
Proprietor: Mr. Alok Singh
SEBI Registration No.: INH000024301
Email: alpha.research2025@gmail.com
Phone: +91 91115 88300
Address: A-173 Nirupam Royal Palm Jatkhedi Bhopal Madhya Pradesh -462026
Disclaimer: This Policy is intended to communicate Alpha Core Research’s AML/PMLA compliance framework to clients and website visitors. It does not replace applicable laws, rules, SEBI regulations, circulars, directions or orders issued by competent authorities. In case of any conflict, the applicable law and regulatory requirements shall prevail.
