Govt Authorizes five Entities for Aadhaar Authentication Under PMLA, 2002

Ministry of Finance permits authorization to five additional entities to perform authentication under the Aadhaar Act for the purposes of section 11A of the Money laundering Act, 2002

The Central Government, through a notification issued by the Ministry of Finance on May 5, 2025, has permitted five specific reporting entities to perform authentication using Aadhaar for the purposes of the Prevention of Money-laundering Act (PMLA), 2002. Acting under the powers conferred by Section 11A(1) of the PMLA, the government granted this permission after being satisfied that these entities comply with the privacy and security standards stipulated by the Aadhaar Act, 2016. The decision followed consultation with the Unique Identification Authority of India (UIDAI) and the Reserve Bank of India (RBI), identified as the appropriate regulator. The listed entities now permitted to undertake Aadhaar authentication for PMLA compliance are Oxyzo Financial Services Limited, Berar Finance Limited, Finkurve Financial Services Limited, Tata Capital Limited, and BOBCARD Limited. This move is aimed at facilitating compliance requirements under the anti-money laundering law through the Aadhaar framework.

MINISTRY OF FINANCE
(Department of Revenue)
NOTIFICATION
New Delhi, the 5th May, 2025

S.O. 2012(E).— In exercise of the power 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 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

[F. No. P-12011/11/2021-ES Cell-DOR-Part(1)]
SHANKAR LAL KUMAWAT, Director (Hqr.)