Central govt allows 39 reporting entities to perform Aadhar authentication u/s 11A of PMLA

Central Government - Reporting Entity - Aadhar Accreditation - PMLA - taxscan

The central government has notified that reporting entities are allowed to perform Aadhar authentication to comply with Prevention of Money Laundering Act 2002.

In exercising its powers under Section 11A(1) of the Prevention of Money Laundering Act 2002, the Central Government is satisfied that the reporting entities referred to in the table below comply with the privacy and security Directed Delivery) Act, 2016 (No. 18 of 2016) (hereinafter referred to as the Aadhaar Act)

After consulting the Unique Identification Authority of India (UIDAI) established under Section 11(1) of the Aadhaar Act and SEBI (SEBI) as the Regulatory Authority of Entities, allows said entities to carry out identity verification under the Aadhaar Act for the purposes of Section 11A of the Money Laundering Act, 2002.

Entities allowed to perform Aadhar authentication are:-

1. Arch Financial Limited

2. Basan Equity Broking Limited

3. Global Capital Markets Limited

4. Gogia Capital Services Limited

5. Hang Seng Securities Limited

6. Indbank Commercial Banking Services Limited

7. India Cement Investment Services Ltd.

8. Indo Money Securities Pte Ltd

9. Jainam Brokerage Ltd.

10. JK Securities Pte Ltd

11. JKB Financial Services Ltd.

12. JSEL Securities Co., Ltd.

13. KK Securities Co., Ltd.

14. Madhuvan Securities Pte Ltd

15. Wanshuo Securities Finance Co., Ltd.

16. Manu Stock Brokers Pte Ltd

17. Mark Securities Pte Ltd

18. Market Maker Limited

19. Matalia Stock Broking Sdn Bhd

20. Maverick Stock Brokers Pty Ltd

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21. Secret Communication Securities Pte Ltd

22. MLB Capital Pte Ltd

23. Muthoot Securities Limited

24. Nirmal Bang Securities Sdn Bhd

25. NJ Indiainvest Private Limited

26. Northeast Brokerage Service Co., Ltd.

27. Orbis Financial Co., Ltd.

28. Ao Teng Securities Co., Ltd.

29. RBC Financial Services Pte Ltd

30. Huage Commercial Co., Ltd.

31. Investment Advisor, Owner of Deepak Ostwal Capital Ways

32. Flourish Fincap Pte Ltd

33. Suresh Kumar Jalan (trade name Jalan and Company)

34. Modern Securities Co., Ltd.

35. Saroj Securities

36. Sharad Agarwal Brokerage Services Pvt.limited company

37. Swadeshi Credit Private Limited

38. Tal Share Brokers Pty Ltd

39. Wealthmills Securities Pte Ltd

Licensing notification published in the Official Gazette on January 30, 2023.

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Notification No. F. No. P-12011/3/2022

Judgment date: January 30, 2023

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