Frequently Asked Question

The Financial Action Task Force (FATF) is a global body that fights money laundering and terrorist financing by setting international standards to prevent illicit activities. FATF monitors and identifies countries with weak anti-money laundering and counter-terrorist financing (AML/CFT) measures.

Upmove does not permit account openings for clients residing in countries that are blacklisted by FATF. Clients living in grey-listed countries may open an account if Upmove compliance team approves the submitted documents. To view the list of FATF black and grey-listed countries, visit fatf-gafi.org/en/countries/black-and-grey-lists.html.

Upmove may request additional income proof from NRI clients residing in FATF grey-listed countries. Enhanced due diligence measures are applied to verify the source of their income in accordance with FATF and SEBI guidelines.

Accepted income proof includes:

• Latest month's salary slip

• Last 6 months' bank statement

• Proof of foreign tax payment