TMI BlogE-KYC setu - Notifying entities onboarded to perform authentication under the Aadhaar Act for the purposes of section 11A of the Prevention of Money-laundering Act, 2002.X X X X Extracts X X X X X X X X Extracts X X X X ..... exercise of the powers conferred by sub-section (1) of section 11A of the Prevention of Money-laundering Act, 2002 (15 of 2003) , in consultation with Unique Identification Authority of India (UIDAI), the Reserve Bank of India, the Securities Exchange Board of India, the Insurance Regulatory Authority of India and the Pension Fund Regulatory Authority of India, being the appropriate regulator, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ithout disclosing the Aadhaar number of the individual to the reporting entity. 3. NPCI shall ensure that the authentication is carried out using the Aadhaar number of the client as per the regulations laid down by UIDAI, without disclosing full Aadhaar number to the reporting entity, and after carrying out authentication, NPCI shall share the last four digits of the Aadhaar number of the clien ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... authentication using the e-KYC setu shall be maintained by NPCI at http://npci.org.in/e-KYCsetu/ including the date from which they have been on-boarded. (ii) Before on-boarding any entity for this purpose, NPCI shall ensure that the entity satisfies all the requirements for carrying out authentication through the e-KYC setu. (iii) NPCI shall also ensure that the entity has requisite regula ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uch discontinuation and at any stage, if UIDAI, NPCI or appropriate regulator comes to the conclusion that access to the e-KYC setu system to any entity should be discontinued, it shall inform the same to NPCI immediately in this regard and NPCI shall deny access to such entity forthwith. 7. The details of entities onboarded and entities discontinued shall be notified by NPCI to UIDAI and the a ..... X X X X Extracts X X X X X X X X Extracts X X X X
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