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Govt notifies List of Reporting entities to undertake Aadhaar Authentication Service under PMLA, 2000 [Read Notification]

Aadhaar Authentication Service - GST Registration - Taxscan

The Ministry of Finance on Wednesday, issued a notification in the Official Gazette of India stating the list of reporting entities to undertake Aadhaar Authentication Service under Section 11A of the Prevention of Money-laundering Act, 2002.

The Central Government on being satisfied that the reporting entities comply with standards of privacy and security under the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act 2016 (18 of 2016) and it is necessary and expedient to do so, and after consultation with the Unique Identification Authority of India (UIDAI) established under of section 11(1) of the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016 issued this notification.

The regulatory board, Security and Exchange Board of India (SEBI) empowered under section 11A (1) of the Prevention of Money-laundering Act, 2002 specified the reporting entities to undertake Aadhaar authentication service of the Unique Identification Authority of India under section 11A of the Prevention of Money-laundering Act, 2002.

The reporting entities include Bombay Stock Exchange Limited, National Securities Depository Limited, Central Depository Services (India) Limited, CDSL Ventures Limited, NSDL Database Management Limited, NSE Data and Analytics Limited, CAMS Investor Services Private Limited, Computer Age Management Services Private Limited and Link Intime India Pvt.Ltd..

It will be mandatory for these entities to undertake Authentication Service under Section 11A of the Prevention of Money-laundering Act, 2002.

To Read the full text of the Notification CLICK HERE
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