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    <title>Insertion of new section 11A- Verification of identity by reporting entity</title>
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    <description>Every reporting entity must verify identity of clients and beneficial owners by Aadhaar authentication for banks, offline Aadhaar verification, passport, or other officially valid documents; non-bank entities may be permitted Aadhaar authentication by notification subject to privacy and security standards and consultation with the Unique Identification Authority and regulator. Aadhaar-based methods must be voluntary, alternative modes must be available, and neither the Aadhaar number nor core biometric information may be stored; the Central Government may notify additional safeguards.</description>
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    <pubDate>Wed, 21 Aug 2019 13:20:43 +0530</pubDate>
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      <description>Every reporting entity must verify identity of clients and beneficial owners by Aadhaar authentication for banks, offline Aadhaar verification, passport, or other officially valid documents; non-bank entities may be permitted Aadhaar authentication by notification subject to privacy and security standards and consultation with the Unique Identification Authority and regulator. Aadhaar-based methods must be voluntary, alternative modes must be available, and neither the Aadhaar number nor core biometric information may be stored; the Central Government may notify additional safeguards.</description>
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