Summary
- The Ministry of Finance has authorized seven reporting entities to conduct Aadhaar authentication under Section 11A of the Prevention of Money-laundering Act, 2002.
- This approval, granted via Notification S.O. 2597(E) on May 21, 2026, follows consultations with the UIDAI and RBI, confirming compliance with privacy standards.
- Entities permitted include Toyota Financial Services India Limited, Aditya Birla Capital Limited, and LIC Housing Finance Limited among others.
- This move enables these firms to perform Aadhaar-based identity verification for anti-money laundering compliance, marking a significant regulatory shift.
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