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regular-article-logo Saturday, 12 October 2024

Finance ministry permits 15 securities firms to undertake Aadhaar-based verification of clients

Revenue Department under finance ministry has issued a notification under Prevention of Money-laundering Act allowing the 15 reporting entities to conduct Aadhaar-based KYC (know your customer) process

PTI New Delhi Published 16.08.24, 01:22 PM
Representational image.

Representational image. File picture.

The finance ministry has permitted 15 securities firms, including SBICAP Securities, IIFL Securities, and Angel One, to conduct Aadhaar authentication of their customers.

The Revenue Department under the finance ministry has issued a notification under the Prevention of Money-laundering Act allowing the 15 reporting entities to conduct Aadhaar-based KYC (know your customer) process.

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The 15 entities also include JM Financial Services, Arihant Capital Market, SMC Global Securities, Aditya Birla Money, R.K. Stock Holding, Monarch Networth Capital, RKSV Securities, Comfort Securities, and OPG Securities Pvt Ltd.

Except for the headline, this story has not been edited by The Telegraph Online staff and has been published from a syndicated feed.

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