Government Notifies PNB Housing Finance Ltd To Perform Aadhaar Authentication Under Money Laundering Act

Notification in F. No. P-12011/11/2021-ES Cell-DOR, Dated 4th January 2022

Ministry of Finance, Department of Revenue

The notification reads as under:

In exercise of the powers conferred by sub section (1) of section 11A of the Prevention of Money-laundering Act, 2002 (15 of 2003), the Central Government on being satisfied that the reporting entity namely, “M/s. PNB Housing Finance Limited” complies with the standards of privacy and security under the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016 (18 of 2016), and it is necessary and expedient to do so, and after consultation with the Unique Identification Authority of India established under sub section (1) of section 11 of the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016 and the appropriate regulatory namely, the Reserve Bank of India, hereby permits the said reporting entity to perform authentication under the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016 for the purposes of section 11A of the Prevention of Money-laundering Act, 2002.

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