Govt. Permits 4 Reporting Entities to Perform Aadhaar Authentication for Client Verification u/s 11A of PMLA
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- By Chetan Kulasri
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- Last Updated on 16 December, 2024
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Notification No. S.O. 5371(E); dated: 12.12.2024
The Ministry of Finance has permitted 4 reporting entities to perform authentication under the Aadhaar Act, 2016. The permission is granted only for the purpose of Aadhar authentication as required u/s 11A of the Money Laundering Act, 2002. Section 11A requires the verification of the identity of reporting entities’ clients and beneficial owners by way of aadhaar authentication.
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