International Client Eligibility

Restrictions and process for clients based in the US, Canada, or FATF-listed countries — Wealthy does not support online MF transactions for these clients; manual BSE Star MF route is available.

Bottom Line

Wealthy does NOT support online MF transactions for clients based in the US, Canada, or FATF-listed countries. A manual process exists via BSE Star MF — clients must contact support to use it.

Country Categories

1. US & Canada — FATCA Countries

The US and Canada have FATCA (Foreign Account Tax Compliance Act), which requires Indian AMCs to report financial accounts of US / Canada tax residents to the respective governments. Most AMCs avoid this compliance burden by not accepting investments from these clients.

2. FATF Blacklist — “High Risk, Call for Action”

Countries with severe AML / terror-financing deficiencies. As of early 2026:

  • North Korea (DPRK)
  • Iran
  • Myanmar

3. FATF Grey List — “Increased Monitoring”

Countries with strategic AML / CFT deficiencies under active FATF monitoring. The list changes every quarter. Known countries in early 2026:

  • Algeria, Angola, Burkina Faso, Cameroon, Côte d’Ivoire
  • Democratic Republic of Congo, Haiti, Kenya, Mali
  • Mozambique, Namibia, Panama, Senegal, South Sudan
  • Syria, Tanzania, Uganda, Venezuela, Vietnam, Yemen

⚠️ Always verify the current list at https://www.fatf-gafi.org (updated each FATF plenary, ~quarterly).

Online Profile Creation & KYC

Step US / Canada / FATF clients
Online profile creation ❌ Not allowed
Online KYC ❌ Not supported
Offline KYC ✅ Possible — but only after prior confirmation from the Support team or KYC team

Partners and RMs must check with support before proceeding with offline KYC for such clients.

Why Online Transactions Are Not Allowed

  1. No AMC-level restriction on the platform — without AMC-level checks, a client could end up investing in an AMC that doesn’t accept investments from them. The transaction is rejected, and the refund takes up to 2 weeks as the funds auto-settle through the AMC.
  2. Per-transaction declaration requirement — even for AMCs that accept investments, a declaration must be submitted with each transaction. This isn’t handled in the online flow.

What Support Should Do

When a client from US / Canada / a FATF-listed country wants to invest:

  1. ❌ Do not guide them through online proposal creation on Wealthy
  2. ✅ Check current AMC acceptance status at the time of request — the list changes; do not rely on old information
  3. ✅ Ask them to raise a support ticket
  4. ✅ BSE Star MF is the path — BSE Star MF supports online transactions, but manual coordination with support is required for account creation, transaction initiation, SIP setups, and mandate setups
  5. ✅ Collect a per-transaction declaration before processing

Standard Responses by Audience

To a Partner (asking on behalf of their client):

“Your client’s country of residence (US / Canada / FATF-listed country) restricts online MF investments on Wealthy. We can still process transactions for eligible AMCs via BSE Star MF, but this needs manual coordination with our support team — for account creation, transaction initiation, SIP or mandate setups. Please ask your client to raise a support ticket or write to customer.support@wealthy.in.”

To a Client (end investor):

“Due to regulatory requirements, we’re unable to process your MF investment online as you’re based in a restricted country (US, Canada, or FATF-listed). However, we can help you invest through eligible AMCs via BSE Star MF. Please raise a support ticket and our team will guide you through the process.”

To an RM (Relationship Manager):

“Your partner’s client is based in a restricted country (US, Canada, or FATF-listed). Online transactions on Wealthy aren’t possible for such clients. A support ticket needs to be raised — our team will handle it via BSE Star MF with the required declarations. You can raise the ticket directly on behalf of the partner or client, or guide them to customer.support@wealthy.in or the in-app chat.”

To a Support team member (internal guidance):

Don’t guide through Wealthy’s online proposals. Check current AMC acceptance, ask the client to raise a ticket, coordinate via BSE Star MF, and collect a per-transaction declaration before processing.

Key Rules for Support

  • ❌ Do not process online transactions for US / Canada / FATF clients on the Wealthy platform
  • ❌ Do not share AMC acceptance lists from memory — the list changes; always verify at the time of request
  • ✅ Route to BSE Star MF with manual support coordination
  • ✅ Collect a per-transaction declaration before processing