Govt. permits numerous entities to perform Aadhar e- KYC authentication services under PMLA

The Central Government on being satisfied that specified reporting entities have complied with the standards of privacy and security under the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016 and after consultation with the Unique Identification Authority of India, the Reserve Bank of India, has permitted such reporting entities to perform authentication under the Aadhaar Act for the purposes of section 11A of the Money-laundering Act.The Central Government on being satisfied that specified reporting entities have complied with the standards of privacy and security under the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016 and after consultation with the Unique Identification Authority of India, the Reserve Bank of India, has permitted such reporting entities to perform authentication under the Aadhaar Act for the purposes of section 11A of the Money-laundering Act.taxmann.com Latest Statutory HappeningsRead More

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