AML / KYC Policy

This summary explains the identity-verification ("Know Your Customer") and anti-money-laundering ("AML") checks we apply on the OneLMS platform, including the clazz.lk marketplace and the teacher and institute school sites, operated by Panoralink Business Solutions (pvt) Ltd (PV 00286766). Teachers and institutes accept it before their first payout or when they upload identity documents.

1. Why We Verify

Before we release educator earnings, and in certain other cases, we are required to verify identity and monitor transactions to prevent money laundering and financial crime.

2. What We Collect

We may collect and verify government identification (NIC or passport) and bank-account details, and match them against the account holder's name. We use these details only to verify identity, to pay you, and to meet our legal duties. Access is limited to the staff who need it.

3. Monitoring & Reporting

We monitor transactions for unusual activity and are required to report suspicious transactions to the Financial Intelligence Unit. We may pause or decline a transaction to meet these obligations.

4. Record-Keeping

Identity and transaction records are retained for the minimum period required by law (currently six years after the end of the relationship), as described in our Data Retention Policy. You cannot ask us to delete these records before that period ends.

5. Tax Withholding Notice

Tax law may require an amount to be withheld from payments to teachers for their services. Where the law requires us to withhold, we will deduct the amount, pay it to the relevant authority and tell you how much was withheld. The rules about who must withhold, and the rates and thresholds, are changing, and we apply whatever the law requires at the time. You remain responsible for your own tax returns. See the Teacher Terms.

6. Your Personal Data

Identity and bank details are personal data. How we protect them, who we share them with, and your rights are explained in our Privacy Policy.

Governing Law & Regulatory Framework

This document is intended to comply with the laws of the Democratic Socialist Republic of Sri Lanka, including, where relevant, the Financial Transactions Reporting Act No. 6 of 2006.

These terms are governed by the laws of the Democratic Socialist Republic of Sri Lanka. The parties will first attempt in good faith to resolve any dispute by negotiation; failing that, the courts of Colombo have exclusive jurisdiction, save that any dispute may instead, by agreement of the parties, be referred to arbitration under the Arbitration Act No. 11 of 1995, seated in Colombo and conducted in English. Nothing in this clause limits any right or remedy a consumer has under the Consumer Affairs Authority Act No. 9 of 2003.

Contact

Questions about this document, and any privacy request, can be sent to our privacy contact: email support@onelms.lk, phone 011 715 7712. This document is issued by Panoralink Business Solutions (pvt) Ltd (PV 00286766) ("we", "us", "our"), the operator of the OneLMS platform, including the clazz.lk marketplace and the teacher and institute school sites.