What changed
RBI forwarded three UN Security Council 1267 Committee notes (Sept 3, Sept 23, Oct 22, 2009) with amendments to the Al-Qaida/Taliban consolidated list. Changes include deletions of entries, amendments with strike-through/underline, and review updates as per Annexes I-III.
What it means for you
RRBs must immediately update their internal terrorist lists to reflect the latest UN changes. Failure to screen new accounts or scan existing ones could lead to regulatory action. The circular reinforces strict compliance with the UAPA Order of August 27, 2009, especially for freezing assets of designated entities.
What you must do
- Update the consolidated list of terrorist individuals/entities with the amendments and deletions from Annexes I-III.
- Screen all new account applications against the updated list before opening.
- Scan all existing accounts to identify and freeze any linked to listed entities.
- Follow the freezing procedures outlined in paragraph 6 of the November 5, 2009 circular.
- Acknowledge receipt of this letter to your respective RBI Regional Office.
Who it affects
All Regional Rural Banks (RRBs), Compliance Officers / Principal Officers of RRBs
What are the key changes in the UN list this circular refers to?
The circular includes three sets of changes: amendments with strike-through/underline to four entries plus a review update (Annex I); deletion of one entry and amendments to two entries plus a review update (Annex II); and deletion of four entries plus a review update (Annex III).
Do we need to freeze accounts immediately for newly listed entities?
Yes. For designated individuals/entities, you must freeze funds, financial assets, or economic resources held in bank accounts as per paragraph 6 of the November 5, 2009 circular.
Where can we find the full consolidated list?
The complete consolidated list is available on the UN website at http://www.un.org/sc/committees/1267/consolist.shtml.