Fintech firm IND-money authorized for Aadhaar authentication to prevent money laundering under supervision.

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....Central Government authorizes IND-money Private Limited to perform Aadhaar authentication for purposes of Section 11A of Prevention of Money-laundering Act, 2002. Satisfied that reporting entity will comply with privacy and security standards under Aadhaar Act, 2016. Necessary and expedient after consulting Unique Identification Authority of India and Securities and Exchange Board of India as appropriate regulator. Permits reporting entity to conduct Aadhaar authentication for money laundering prevention purposes.....