https://www.taxtmi.com/highlights?id=78534 The Ministry of Finance issued a notification u/s 11A of the Prevention of Money-laundering Act, 2002, permitting reporting entities to conduct Aadhaar authentication for compliance. The Central Government, after consultation with UIDAI and RBI, allowed entities like IIFCO Kisan Finance Limited, L&T Finance Limited, and Wheels EMI Private Limited to verify identity u/s 11A. This notification ensures compliance with privacy and security standards u/s 18 of the Aadhaar Act, enhancing the effectiveness of anti-money laundering measures. en-us Sat, 15 Jun 2024 19:17:56 +0530 Sat, 15 Jun 2024 19:17:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=78534 The Ministry of Finance issued a notification u/s 11A of the Prevention of Money-laundering Act, 2002, permitting reporting entities to conduct Aadhaar authentication for compliance. The Central Government, after consultation with UIDAI and RBI, allowed entities like IIFCO Kisan Finance Limited, L&T Finance Limited, and Wheels EMI Private Limited to verify identity u/s 11A. This notification ensures compliance with privacy and security standards u/s 18 of the Aadhaar Act, enhancing the effectiveness of anti-money laundering measures. Highlights Money Laundering Sat, 15 Jun 2024 19:17:56 +0530 https://www.taxtmi.com/highlights?id=78534