The decision was made after consultation with the Unique Identification Authority of India (UIDAI) and the Reserve Bank of India (RBI).
The listed entities are:
1. AEON Credit Service India Private Limited
Seven reporting entities are now permitted to perform authentication under the Aadhaar Act for PMLA purposes.
2. Appnit Technologies Private Limited
3. Capital Trust Limited
The permission is granted under the proviso to sub-section (1) of Section 11A of the Prevention of Money-laundering Act, 2002.
4. Poonawalla Housing Finance Limited
5. Poonawalla Fincorp Limited
What it means
The notification S.O. 5213(E) issued by the Ministry of Finance, Department of Revenue, permits seven 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 because the Central Government is satisfied that these entities comply with the privacy and security standards under the Aadhaar Act, 2016.
Impact Analysis
Reporting Entities
Action Item: Entities should integrate Aadhaar authentication into their existing AML/KYC procedures in accordance with the guidelines issued by UIDAI and RBI.
Customers
Potential Concern: Customers need assurance that their Aadhaar data will be handled securely and in compliance with privacy regulations.
Regulatory Bodies (RBI & UIDAI)
Action Item: RBI and UIDAI may need to provide additional guidance or clarifications to the reporting entities regarding the implementation of Aadhaar authentication.
Government
Positive Impact: Enhances the effectiveness of PMLA by enabling more robust customer verification.
Key Entities Referenced
Central Government: The issuer of the notification, acting through the Ministry of Finance, Department of Revenue.
Prevention of Money-laundering Act, 2002 (PMLA): The primary legislation aimed at preventing money laundering, under which Section 11A allows reporting entities to use Aadhaar authentication.
Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016: The legislation governing the use of Aadhaar for authentication and delivery of services.
Unique Identification Authority of India (UIDAI): The statutory authority responsible for issuing Aadhaar numbers and regulating Aadhaar authentication.
Reserve Bank of India (RBI): The appropriate regulator for the listed reporting entities, consulted before granting permission for Aadhaar authentication.
AEON Credit Service India 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.
Appnit Technologies 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.
Capital Trust 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.
Poonawalla Housing 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.
Poonawalla Fincorp 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.
Shri Ram Finance Corporation Pvt. Ltd.: 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.
VFS Capital 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.-08122023-250499
CG-DxLx-xEG-I0D8H1x2x2x0 23-250499
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.ं 4984] नई ददल्ली, िुक्रिार, ददसम्ब र 8, 2023/अग्रहायण 17, 1945
No. 4984] NEW DELHI, FRIDAY, DECEMBER 8, 2023/AGRAHAYANA 17, 1945
जित्त मंत्रालय
(रािस्ट्ि जिभाग)
अजधसचू ना
नई ददल्ली, 8 ददसम्बर, 2023
का.आ. 5213(अ).—केंद्रीय सरकार, धन-िोधन जनिारण अजधजनयम, 2002 (2003 का 15) (जिसे इसमें इसके
पश् चातध धन-िोधन अजधजनयम कहा गया ह)ै की धारा 11क की उपधारा (1) के परंतकु द्वारा प्रदत्त िजत तयक का प्रयोग
करते हुए, यह समाधान हो िाने पर दक नीचे सारणी में उजल् लजखत परपोटकरकतार इकाईया,ं आधार (जित् तीय र अ य
सहाजयदकयक, फायदक र सेिाओं का लज यत पपरदान) अजधजनयम, 2016 (2016 का 18) (जिसे इसमें इसके पश् चात ध
आधार अजधजनयम कहा गया ह)ै के अधीन गोपनीयता र सुरक्षा मानकक का पालन करेंगी र ऐसा करना आिश् यक तथा
समीचीन ह,ै तथा आधार अजधजनयम की धारा 11 की उपधारा (1) के अधीन स्ट् थाजपत भारतीय जिजिटक पहचान
प्राजधकरण र समुजचत जिजनयामक, अथातर ध भारतीय परििर बैंक, से परामिर करने के पश्च ातध परपोटकरकतार उत इ इकाईयक को
धन-िोधन जनिारण अजधजनयम की धारा 11क के प्रयोिनक के जलए आधार अजधजनजयम के अधीन अजधप्रमाणन करने के
जलए अनुज्ञात करती ह,ै अथातर ध :-
सारणी
क्रम सखं य ाकं परपोटककता रइकाई
(1) (2)
1. ईऑन क्रेजडटक सर्विस इंजडया प्राइिेटक जलजमटकेड
2. एपपटक टकैक्नोलोिीस प्राइिटके जलजमटकेड
7579 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
3. केजपटकल रस्ट्टक जलजमटकेड
4. पूनािाला हाऊपसग फाइनेंस जलजमटकेड
5. पूनािाला दफनक्रोप जलजमटकेड
6. श्रीराम फाइनेंस कापररैिन प्राइिेटक जलजमटकेड
7. िीएफएस केजपटकल जलजमटकेड
[फा. सं. पी-12011/11/2021-ईएस सेल-डीओआर-पाटकर (1)]
मनोि कुमार पसह, जनदिे क (मखु यालय)
MINISTRY OF FINANCE
(Department of Revenue)
NOTIFICATION
New Delhi, the 8th December, 2023
S.O. 5213(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. AEON Credit Service India Private Limited
2. Appnit Technologies Private Limited
3. Capital Trust Limited
4. Poonawalla Housing Finance Limited
5. Poonawalla Fincorp Limited
6. Shri Ram Finance Corporation Pvt. Ltd.
7. VFS Capital 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.