Govt. Permits ‘HDB Financial Services Limited’ to Perform Aadhaar Authentication for Client Verification u/s 11A of PMLA
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- Last Updated on 28 September, 2024
Notification No. S.O. 4240(E); Dated: 26.09.2024
The Ministry of Finance has permitted the reporting entity, namely ‘HDB Financial Services Limited’, to perform authentication under the Aadhaar Act, 2016. The permission is granted only for the purpose of Aadhar authentication as required u/s 11A of the Money Laundering Act, 2002. Section 11A requires the verification of the identity of reporting entities’ clients and beneficial owners by way of aadhaar authentication.
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