Aadhaar authentication permitted for anti-money-laundering compliance by specified reporting entities following regulator consultations and privacy assurances Central Government authorises specified reporting entities to perform Aadhaar authentication for purposes of the Prevention of Money laundering Act, having been satisfied they comply with privacy and security standards under the Aadhaar Act, and after consultation with the Unique Identification Authority of India and the Reserve Bank of India; the authorisation applies to the fourteen named financial and fintech entities listed in the notification.
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Provisions expressly mentioned in the judgment/order text.
Aadhaar authentication permitted for anti-money-laundering compliance by specified reporting entities following regulator consultations and privacy assurances
Central Government authorises specified reporting entities to perform Aadhaar authentication for purposes of the Prevention of Money laundering Act, having been satisfied they comply with privacy and security standards under the Aadhaar Act, and after consultation with the Unique Identification Authority of India and the Reserve Bank of India; the authorisation applies to the fourteen named financial and fintech entities listed in the notification.
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