India okays 22 financial entities to perform Aadhaar biometric authentication

Twenty-two financial institutions have been granted the right to perform authentication using the Aadhaar biometric ID, in line with stipulations of the Prevention of Money Laundering Act, 2002 (PMLA).

A notification from the Revenue department of the Ministry of Finance dated May 4 lists Amazon Pay India among the entities concerned.

The permission means that the reporting entities shall verify the identity of their customer and the beneficial owner by authentication under the Aadhaar (Targeted Delivery of Financial and other …

aadhaar act amazon aml authentication biometric biometric-authentication biometrics news civil department entities face biometrics finance financial financial institutions financial services identity verification id for all india institutions kyc laundering lists may money money laundering national id notification pay prevention revenue uidai