IRDA of India has permitted additional entities to perform authentication under the Aadhaar Act for the purposes of section 11A of the Money laundering Act, 2002 - S.O. 2668(E) - Prevention of Money-Laundering
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Aadhaar authentication permission granted to a reporting entity for money-laundering compliance under privacy and security standards. Permission is granted to a reporting entity to perform authentication under the Aadhaar Act for the purposes of section 11A of the Prevention of Money-laundering Act, 2002, subject to compliance with the privacy and security standards under the Aadhaar Act and after consultation with the Unique Identification Authority of India and the appropriate regulator. Bima Sugam India Federation (BSIF) is identified as the authorised entity.
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.
Aadhaar authentication permission granted to a reporting entity for money-laundering compliance under privacy and security standards.
Permission is granted to a reporting entity to perform authentication under the Aadhaar Act for the purposes of section 11A of the Prevention of Money-laundering Act, 2002, subject to compliance with the privacy and security standards under the Aadhaar Act and after consultation with the Unique Identification Authority of India and the appropriate regulator. Bima Sugam India Federation (BSIF) is identified as the authorised entity.
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