Prevention of Money Laundering Act, 2002
Section - 11A - Verification of identity by reporting entity
CHAPTER IVOBLIGATIONS OF BANKING COMPANIES, FINANCIAL INSTITUTIONS AND INTERMEDIARIES[Verification of identity by reporting entity.11A. (1) Every reporting entity shall verify the identity of its clients and the beneficial owner, by-
| (a) | - | authentication under the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016 (18 of 2016) if the reporting entity is a banking company; or |
| (b) | - | offline verification under the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016 (18 of 2016); or |
| (c) | - | use of passport issued under section 4 of the Passports Act, 1967 (15 of 1967); or |
| (d) | - | use of any other officially valid document or modes of identification as may be notified by the Central Governme .... To read the full section download the app from Google Play store
ARTICLESHIP
28 May 2026
Accounts, Audit & Compliance ExecutiveShyam Joshi & Associates Pune B.Com View Details
01 June 2026
Audit, Taxation & Compliance ExecutiveR P S K & Associates Nashik CA Inter View Details
26 May 2026
Senior Accountant cum purchase ManagerVardhaman Group of India Pimpri Chinchwad CA Inter View Details |
CAclubindia
