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<h1>Government Authorizes 42 Financial Entities for Aadhaar Authentication u/s 11A of Money-Laundering Act for AML Compliance.</h1> The Central Government, under section 11A of the Prevention of Money-laundering Act, 2002, has authorized specific reporting entities to perform Aadhaar authentication. This decision follows consultations with the Unique Identification Authority of India and the Reserve Bank of India, ensuring compliance with privacy and security standards as per the Aadhaar Act, 2016. The entities permitted include various financial and microfinance institutions such as IndiTrade Microfinance Limited, Muthoot Finance Limited, Mahindra and Mahindra Financial Services Ltd, and several others, totaling 42 entities. This authorization aims to streamline authentication processes for anti-money laundering purposes.