The notification permits 360 ONE Distribution Services Limited to perform authentication under the Aadhaar Act for the purposes of Section 11A of the Prevention of Money-laundering Act (PMLA).
This permission is granted after the Central Government is satisfied that 360 ONE Distribution Services Limited will comply with the privacy and security standards under the Aadhaar Act, and after consultation with the Unique Identification Authority of India (UIDAI) and the Securities and Exchange Board of India (SEBI).
Key Changes
360 ONE Distribution Services Limited is now authorized to perform Aadhaar authentication for PMLA compliance.
The decision was made after ensuring compliance with Aadhaar Act's privacy and security standards.
Consultation with UIDAI and SEBI preceded the authorization.
Impact Analysis
360 ONE Distribution Services Limited
Action Item: Update internal procedures to incorporate Aadhaar authentication in compliance workflows while adhering to privacy and security norms.
Customers of 360 ONE Distribution Services Limited
Action Item: Be informed about the updated KYC processes and provide necessary consent for Aadhaar authentication.
Securities and Exchange Board of India (SEBI)
Action Item: Continue monitoring 360 ONE Distribution Services Limited's compliance with Aadhaar Act and PMLA regulations.
Unique Identification Authority of India (UIDAI)
Action Item: Provide ongoing support and guidance to 360 ONE Distribution Services Limited regarding Aadhaar authentication best practices and compliance requirements.
Other Reporting Entities
Action Item: Other reporting entities may evaluate the possibility of leveraging Aadhaar authentication for similar purposes, ensuring they meet the necessary compliance standards and obtain required approvals.
Key Entities Referenced
Central Government: The authority issuing the notification, exercising powers under Section 11A of the Prevention of Money-laundering Act, 2002.
360 ONE Distribution Services Limited: The reporting entity permitted to perform authentication under the Aadhaar Act for PMLA purposes.
Prevention of Money-laundering Act, 2002 (PMLA): The primary legislation under which the permission for Aadhaar authentication is granted, specifically concerning Section 11A.
Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016: The legislation governing the use of Aadhaar, including privacy and security standards that 360 ONE Distribution Services Limited must comply with.
Unique Identification Authority of India (UIDAI): The statutory authority established under the Aadhaar Act, consulted before granting permission to 360 ONE Distribution Services Limited.
Securities and Exchange Board of India (SEBI): The appropriate regulator consulted before granting permission to 360 ONE Distribution Services Limited.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-30042024-253976
CG-DxLx-xEG-I3D0H0x4x2x0 24-253976
xxxGIDExxx
असाधारण
EXTRAORDINARY
भाग II—खण् ड 3—उप-खण्ड (ii)
PART II—Section 3—Sub-section (ii)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
सं. 1771] नई दिल्ली, मगं लिार, अप्रलै 30, 2024/ििै ाख 10, 1946
No. 1771] NEW DELHI, TUESDAY, APRIL 30, 2024/VAISAKHA 10, 1946
जित्त मत्रं ालय
(रािस्ट्ि जिभाग)
अजधसचू ना
नई दिल्ली, 30 अप्रैल, 2024
का.आ. 1863(अ).—केंद्रीय सरकार, धन-िोधन जनिारण अजधजनयम, 2002 (2003 का 15) (जिसे इसमें इसके
पश्चात् धन-िोधन अजधजनयम कहा गया ह)ै की धारा 11क की उपधारा (1) द्वारा प्रित्त िजियों का प्रयोग करते हुए, यह
समाधान हो िाने पर दक ररपोर्टकताट अजस्ट्तत्ि, अर्ाटत् दि 360 िन जडस्ट्रीब्यूिन सर्िटजसि जलजमर्ेड, आधार (जित्तीय और
अन् य सहाजयदकयों, प्रसुजिधाओं और सेिाओं का लजय त पररिान) आजधजनयम , 2016 (2016 का 18) (जिसे इसमें इसके
पश्चात् आधार अजधजनयम कहा गया ह)ै के अधीन जनिता और सुरक्षा के मानकों का अनुपालन करेगा और आधार
अजधजनयम की धारा 11 की उपधारा (1) के अधीन स्ट्र्ाजपत भारतीय जिजिष्ट पहचान प्राजधकरण के सार् परामिट के
पश्चात ् ऐसा करना आिश्यक और समीचीन ह ै और समुजचत जिजनयामक अर्ाटत ् भारतीय प्रजतभूजत जिजनमय बोडट उि
ररपोर्टकताट अजस्ट्तत्ि को धनिोधन जनिारण अजधजनयम की धारा 11क के प्रयोिनों के जलए आधार अजधजनयम के अधीन
अजधप्रमाणन का जनष्पािन करने के जलए अनुज्ञात करता ह ै।
[फा. सं. पी-12011/3/2022-ईएस सेल-डीओआर]
मनोि कुमार ससंह, जनिेिक (मख्ु यालय)
2817 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
MINISTRY OF FINANCE
(Department of Revenue)
NOTIFICATION
New Delhi, the 30th April, 2024
S.O. 1863(E).—In exercise of the powers conferred by 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 on being satisfied that the reporting entity, namely, the 360 ONE Distribution Services Limited shall
comply with the standards of privacy and security under the Aadhaar (Targeted Delivery of Financial and Other
Subsidies, Benefits and Services) Act, 2016 (18 of 2016) (hereinafter referred to as the Aadhaar Act), and it is
necessary and expedient to do so, and 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 Securities and
Exchange Board of India, hereby permits the said reporting entity to perform authentication under the Aadhaar Act for
the purposes of section 11A of the Money-laundering Act.
[F. No. P-12011/3/2022-ES Cell-DOR]
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.