The notification permits specified reporting entities to perform authentication under the Aadhaar Act for the purposes of Section 11A of the Prevention of Money-laundering Act (PMLA), 2002.
This permission is granted after the Central Government assessed that these entities comply with the privacy and security standards mandated by the Aadhaar Act, 2016.
Key Changes
The Central Government, after consulting with the Unique Identification Authority of India (UIDAI) and the Reserve Bank of India (RBI), has allowed three reporting entities to perform Aadhaar authentication for PMLA purposes.
The reporting entities permitted are: IIFCO Kisan Finance Limited, L&T Finance Limited, and Wheels EMI Private Limited.
The permission is based on the government's satisfaction that these entities adhere to the privacy and security standards under the Aadhaar Act, 2016.
Action Item: Review and update data privacy policies to reflect the use of Aadhaar authentication and ensure compliance with data protection regulations.
Customers of Reporting Entities
Consideration: Increased reliance on Aadhaar for authentication may raise privacy concerns for some customers.
Unique Identification Authority of India (UIDAI)
Consultation: UIDAI was consulted by the Central Government before granting permission, highlighting its importance in the process.
Reserve Bank of India (RBI)
Compliance: The permitted entities are expected to adhere to RBI guidelines related to KYC and AML.
Government and Regulators
Responsibility: Continuous monitoring of the reporting entities to ensure ongoing compliance with privacy and security standards.
Key Entities Referenced
Prevention of Money-laundering Act, 2002 (PMLA): Indian law enacted to prevent money laundering and to provide for confiscation of property derived from money laundering.
Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016: Indian law that provides for Aadhaar number for targeted delivery of subsidies and benefits to Indian residents.
Unique Identification Authority of India (UIDAI): Statutory authority responsible for issuing Aadhaar numbers and regulating the Aadhaar ecosystem in India.
Reserve Bank of India (RBI): The central bank of India, responsible for regulating the Indian banking system.
IIFCO Kisan Finance Limited: One of the reporting entities permitted to perform authentication under the Aadhaar Act for the purposes of Section 11A of the Prevention of Money-laundering Act (PMLA), 2002.
L&T Finance Limited: One of the reporting entities permitted to perform authentication under the Aadhaar Act for the purposes of Section 11A of the Prevention of Money-laundering Act (PMLA), 2002.
Wheels EMI Private Limited: One of the reporting entities permitted to perform authentication under the Aadhaar Act for the purposes of Section 11A of the Prevention of Money-laundering Act (PMLA), 2002.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-12062024-254664
xxxGIDHxxx
CG-DLxx-xEG-I1D2E0x6x2x0 24-254664
असाधारण
EXTRAORDINARY
भाग II—खण् ड 3—उप-खण्ड (ii)
PART II—Section 3—Sub-section (ii)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 2150] नई दिल्ली, बुधिार, िनू 12, 2024/ज्य ष्े ठ 22, 1946
No. 2150] NEW DELHI, WEDNESDAY, JUNE 12, 2024/JYAISHTHA 22, 1946
जित्त मत्रं ालय
(रािस्ट्ि जिभाग)
अजधसचू ना
नई दिल्ली, 12 िून, 2024
का.आ. 2252(अ).—केन्द्रीय सरकार, धन-िोधन जनिारण अजधजनयम, 2002 (2003 का 15) (जिसे इसम ें इसके
पश्चात ् धन-िोधन जनिारण अजधजनयम कहा गया ह)ै की धारा 11क की उपधारा (1) द्वारा प्रित्त िजियों का प्रयोग करत े
हुए, यह समाधान हो िान े पर दक नीच े सारणी म ें उजल्लजखत ररपोर्टकताट इकाई आधार (जित्तीय और अन्द्य सहाजयदकयों,
प्रसुजिधाओं और सेिाओं का लजययत पररिान) अजधजनयम, 2016 (2016 का 18) (जिसे इसम ें इसके पश्चात ् आधार
अजधजनयम कहा गया ह)ै के अधीन गोपनीयता और सुरक्षा मानकों का पालन करेंगी और ऐसा करना आिश्यक तथा
समीचीन ह,ै आधार अजधजनयम, की धारा 11 की उपधारा (1) के अधीन स्ट्थाजपत भारतीय जिजिष्ट पहचान प्राजधकरण और
समुजचत जिजनयामक, अथाटत् भारतीय ररििट बैंक, स े परामिट करन े के पश्चात ् उि ररपोर्टकता ट इकाई को धन-िोधन
जनिारण अजधजनयम की धारा 11क के प्रयोिनों के जलए आधार अजधजनयम के अधीन अजधप्रमाणन करने के जलए अनुज्ञात
करती ह,ै अथाटत :-
3498 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
सारणी
क्र.स.ं ररपोर्टकताट इकाई
(1) (2)
1. इफ्को दकसान फाइनेंस जलजमर्ेड
2. एल एडँ र्ी फाइनेंस जलजमर्ेड
3. व्हील्स ईएमआई प्राइिेर् जलजमर्ेड ।
[फा. स.ं पी-12011/11/2021-ईएस सेल-डीओआर-भाग(1)]
ररमजिम पांडे, अिर सजचि
MINISTRY OF FINANCE
(Department of Revenue)
NOTIFICATION
New Delhi, the 12th June, 2024.
S.O. 2252(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 entities mentioned in the TABLE below 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
Serial number Reporting entities
(1) (2)
1. IIFCO Kisan Finance Limited
2. L&T Finance Limited
3. Wheels EMI Private Limited.
[F. No. P-12011/11/2021-ES Cell-DOR-Part(1)]
RIMJHIM PANDEY, Under Secy.
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.