Thursday, March 28

Tag: PMLA

Indian Government is Reportedly Ensuring Aadhaar linkage
INDIA

Indian Government is Reportedly Ensuring Aadhaar linkage

The Indian government is actively taking into consideration the amendments to the Telegraph Act and the Prevention of Money Laundering Act (PMLA) to provide legal backing for mobile numbers and bank accounts to be linked to Aadhaar on a voluntary basis. The ministry of electronics & information technology has moved a proposal to this effect, which has gone through detailed legal scrutiny and is currently being examined by other stakeholder ministries, especially finance and telecom. Also, the proposal includes an amendment to the Aadhaar Act to recognise the virtual token that is used to prevent sharing of the actual Aadhaar number. The UIDAI has provided for this token through its rules, but stronger legal backing is now being sought. After several rounds of internal deliber...