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of <h1>Aditya Birla Sun Life Mutual Fund Authorized for Aadhaar Authentication Under PMLA Section 11A, Enhancing AML Compliance.</h1> The Central Government has authorized Aditya Birla Sun Life Mutual Fund to conduct Aadhaar authentication under section 11A of the Prevention of Money-laundering Act, 2002. This decision, dated December 3, 2024, follows confirmation that the entity meets privacy and security standards as per the Aadhaar Act, 2016. The authorization was granted after consultation with the Unique Identification Authority of India and the Securities and Exchange Board of India, allowing the mutual fund to perform necessary authentication processes to comply with anti-money laundering regulations.
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