Finance Ministry allows 15 security firms to do Aadhaar-based verification of customers

The Finance Ministry has allowed 15 securities firms to do Aadhaar verification of their customers. These include firms like SBICAP Securities, IIFL Securities and Angel One.

The Revenue Department of the Finance Ministry has issued a notification under the Prevention of Money Laundering Act, allowing 15 reporting entities to undertake Aadhaar-based KYC (Know Your Customer) process.

These firms are involved

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

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