Know Your Customer (KYC) Norms/Anti-Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT)/ Obligation of Authorised Persons under Prevention of Money Laundering Act (PMLA), 2002 – Money Transfer Service Scheme – Recognising E-Aadhaar as an ‘Officeally Valid Document’ under PML Rules
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e-Aadhaar e-KYC acceptance as Officially Valid Document enables paperless KYC verification for money transfer service agents. Recognition of Aadhaar-based electronic verification, including e-KYC outputs and e-Aadhaar downloads, as valid customer identification for Indian agents under the Money Transfer Service Scheme. e-KYC data provided electronically by UIDAI upon explicit consent and biometric authentication may be treated as an Officially Valid Document for KYC under PML Rules. Indian agents must sign a KYC User Agency agreement, deploy certified biometric scanners and UIDAI-compliant software, secure transmission and encryption of Aadhaar and biometric data, and maintain a complete audit trail.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
e-Aadhaar e-KYC acceptance as Officially Valid Document enables paperless KYC verification for money transfer service agents.
Recognition of Aadhaar-based electronic verification, including e-KYC outputs and e-Aadhaar downloads, as valid customer identification for Indian agents under the Money Transfer Service Scheme. e-KYC data provided electronically by UIDAI upon explicit consent and biometric authentication may be treated as an Officially Valid Document for KYC under PML Rules. Indian agents must sign a KYC User Agency agreement, deploy certified biometric scanners and UIDAI-compliant software, secure transmission and encryption of Aadhaar and biometric data, and maintain a complete audit trail.
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