Ministry of Finance Grants Aadhaar Authentication Rights to Five More Reporting Entities under PMLA

The Ministry of Finance granted Aadhaar authentication rights to five additional reporting entities under the Prevention of Money Laundering Act (PMLA). This move aims to enhance transparency and curb financial fraud by enabling these entities to verify identities through Aadhaar. The decision aligns with the government’s efforts to strengthen anti-money laundering measures while ensuring compliance with data privacy norms.