Cash News
The finance ministry has recently permitted 15 securities firms to conduct Aadhaar authentication for their customers. This significant authorization includes notable firms such as SBICAP Securities, IIFL Securities, and Angel One.
In line with measures to prevent money laundering, the Revenue Department under the finance ministry issued a notification allowing these entities to utilize Aadhaar-based KYC (Know Your Customer) processes.
Other approved firms encompass JM Financial Services, Arihant Capital Market, SMC Global Securities, and Aditya Birla Money, among others, marking a pivotal step in streamlining customer verification protocols.
(With inputs from agencies.)