The notification permits the reporting entities listed in the table to perform authentication under the Aadhaar Act for the purposes of Section 11A of the Prevention of Money-laundering Act (PMLA), 2002.
Key Changes
The Central Government, satisfied that the listed reporting entities will comply with privacy and security standards under the Aadhaar Act, 2016, allows them to perform Aadhaar authentication for PMLA purposes.
The decision was made after consultation with the Unique Identification Authority of India (UIDAI) and the Reserve Bank of India (RBI).
The notification lists six reporting entities that are now permitted to perform authentication under the Aadhaar Act for the purposes of section 11A of the Money-laundering Act. The reporting entities are:
1. Kisetsu Saison Finance (India) Private Limited
2. Muthoot Capital Services Limited
3. Whizdm Finance Private Limited
4. Samavesh Finserve Private Limited
5. Quadrillion Finance Private Limited
6. Aadhar Housing Finance Limited
Impact Analysis
Reporting Entities
Action Item: The reporting entities should update their internal policies and procedures to incorporate Aadhaar authentication in compliance with the Aadhaar Act, 2016 and PMLA.
Customers
Action Item: Reporting entities should ensure that customers are informed about the use of Aadhaar authentication and their rights under the Aadhaar Act, 2016.
Regulatory Bodies (RBI & UIDAI)
Action Item: RBI and UIDAI will need to continue monitoring the implementation of Aadhaar authentication by the reporting entities to ensure compliance with the relevant regulations.
Key Entities Referenced
Prevention of Money-laundering Act, 2002: The primary legislation for combating money laundering in India. Section 11A deals with verification of clients.
Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016: Legislation governing the use of Aadhaar for targeted delivery of subsidies, benefits, and services. It also establishes privacy and security standards for Aadhaar data.
Unique Identification Authority of India (UIDAI): Statutory authority responsible for issuing Aadhaar numbers and regulating the Aadhaar ecosystem.
Reserve Bank of India (RBI): The central bank of India and the appropriate regulator for the listed reporting entities.
Kisetsu Saison Finance (India) Private Limited: A reporting entity permitted to perform authentication under the Aadhaar Act for the purposes of section 11A of the Money-laundering Act.
Muthoot Capital Services Limited: A reporting entity permitted to perform authentication under the Aadhaar Act for the purposes of section 11A of the Money-laundering Act.
Whizdm Finance Private Limited: A reporting entity permitted to perform authentication under the Aadhaar Act for the purposes of section 11A of the Money-laundering Act.
Samavesh Finserve Private Limited: A reporting entity permitted to perform authentication under the Aadhaar Act for the purposes of section 11A of the Money-laundering Act.
Quadrillion Finance Private Limited: A reporting entity permitted to perform authentication under the Aadhaar Act for the purposes of section 11A of the Money-laundering Act.
Aadhar Housing Finance Limited: A reporting entity permitted to perform authentication under the Aadhaar Act for the purposes of section 11A of the Money-laundering Act.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-16012024-251370
CG-DxLx-xEG-I1D6H0x1x2x0 24-251370
xxxGIDExxx
असाधारण
EXTRAORDINARY
भाग II—खण् ड 3—उप-खण्ड (ii)
PART II—Section 3—Sub-section (ii)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 171] नई ददल्ली, मगं लिार, िनिरी 16, 2024/पौष 26, 1945
No. 171] NEW DELHI, TUESDAY, JANUARY 16, 2024/PAUSHA 26, 1945
जित्त मत्रं ालय
(रािस्ट्ि जिभाग)
अजधसचू ना
नई ददल्ली, 16 िनिरी, 2024
का.आ. 180(अ).—केन्द्रीय सरकार, धन-िोधन जनिारण अजधजनयम, 2002 (2002 का 15) (जिसे इसमें इसके
पश्चात् धन-िोधन अजधजनयम कहा गया ह)ै की धारा 11क की उपधारा (1) के परंतुक द्वारा प्रदत्त िजियों का प्रयोग करत े
हुए, यह समाधान हो िाने पर दक नीचे सारणी में उजल्लजखत ररपोर्टकताट इकाईयां, आधार (जित्तीय और सहाजयदकयों,
प्रसुजिधाओं और सेिाओं का लजययत पररदान) अजधजनयम, 2016 (2016 का 18) (जिसे इसमें इसके पश्चात् आधार
अजधजनयम कहा गया ह)ै के अधीन गोपनीयता और सुरक्षा मानकों का पालन करेंगी और ऐसा करना आिश्यक तथा
समीचीन ह,ै तथा आधार अजधजनयम, की धारा 11 की उपधारा (1) के अधीन स्ट्थाजपत भारतीय जिजिष्ट पहचान
प्राजधकरण और समुजचत जिजनयामक, अथाटत ् भारतीय ररििट बैंक, से परामि ट करन े के पश्चात ् ररपोर्टकताट उि इकाईयों को
धन-िोधन जनिारण अजधजनयम की धारा 11क के प्रयोिनों के जलए आधार अजधजनयम के अधीन अजधप्रमाणन करन े के
जलए अनुज्ञात करती ह,ै अथाटत् :-
सारणी
क्र.स.ं ररपोर्टकता ट इकाई
(1) (2)
1. दकसेत्सु सैसन फाइनेंस (इंजडया) प्राइिेर् जलजमर्ेड
2. मुथूर् कॅजपर्ल सर्विसेि जलजमर्ेड
321 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
3. जिज्डम फाइनेंस प्राइिेर् जलजमर्ेड
4. समािेि फफसिट प्राइिेर् जलजमर्ेड
5. क्वाजिजलअन फाइनेंस प्राइिेर् जलजमर्ेड
6. आधार हाउंजसग फाइनेंस जलजमर्ेड
[फा.सं. पी-12011/11/2021-ईएस सेल-डीओआर-पार्ट(1)]
मनोि कुमार ससह, जनदिे क (मुख्यालय)
MINISTRY OF FINANCE
(Department of Revenue)
NOTIFICATION
New Delhi, the 16th January, 2024
S.O. 180(E).—In exercise of the power conferred by proviso to sub-section (1) of section 11A of the
Prevention of Money-laundering Act, 2002 (15 of 2003) (hereinafter referred to as the Money-laundering Act), the
Central Government being satisfied that the reporting entities mentioned in the TABLE below shall comply with the
standards of privacy and security under the Aadhaar (Targeted Delivery of Financial and Other Subsides, Benefits and
Services) Act, 2016 (18 of 2016) (hereinafter referred to as the Aadhaar Act), and it is necessary and expedient to do
so, after consultation with the Unique Identification Authority of India established under sub-section (1) of section 11
of the Aadhaar Act and the appropriate regulator, namely, the Reserve Bank of India, hereby permits the said
reporting entities to perform authentication under the Aadhaar Act for the purposes of section 11A of the Money-
laundering Act, namely:-
TABLE
S.No. Reporting Entities
(1) (2)
1. Kisetsu Saison Finance (India) Private Limited
2. Muthoot Capital Services Limited
3. Whizdm Finance Private Limited
4. Samavesh Finserve Private Limited
5. Quadrillion Finance Private Limited
6. Aadhar Housing Finance Limited
[F. No. P-12011/11/2021-ES Cell-DOR-Part(1)]
MANOJ KUMAR SINGH, Director (Headquarter)
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.