Current · Source: Reserve Bank of India · RBI/2009-10/346 · issued 11 Mar 2010 · ~2 min read
Quick answerRBI directs all state and central co-operative banks to update the UNSC 1267/1822 consolidated list of terrorist individuals/entities linked to Al-Qaida/Taliban, screen new and existing accounts against it, and follow UAPA Order procedures for freezing assets.
Sanctions-list safety note. This circular refers to a specific UN Security Council / UAPA designated-entities list update as it stood on the date above — sanctions lists change often, and a newer update almost certainly exists today. Never use this page, or any single dated circular, as your current screening list. Always screen against the live, current list at the official UAPA proscribed-organisations list and the UN Consolidated List, and confirm the obligations for your bank on the official rbi.org.in source below.
The rule, in the simplest words
Update your bank's list of bad people (terrorists linked to Al-Qaida/Taliban) using the new changes from the UN Security Council.
Before opening any new account, check the customer's name against this updated list – if it matches, do not open the account.
Check all existing accounts to see if any belong to or are linked to anyone on the list.
If you find a match, freeze (lock) their money and assets following the rules from the October 29, 2009 circular (paragraph 6).
Send a confirmation to your RBI Regional Office that you got this circular.
How it plays out — a real example
A compliance officer at a central co-operative bank in Pune receives this circular. She immediately updates the bank's internal watchlist with the latest UN changes, then screens all new account applications that day. She also runs a scan of existing accounts and finds one linked to a listed entity, so she freezes that account's funds as per the UAPA Order procedures.
What changed
RBI forwarded a January 19, 2010 note from the UN Security Council's 1267 Committee with changes to the consolidated list of Al-Qaida and Taliban-linked individuals/entities. This updates the previous list circulated via the March 2, 2010 circular. Banks must now incorporate these latest changes into their screening processes.
What it means for you
Co-operative banks must immediately update their internal watchlists with the revised UN list and ensure no new account is opened for any listed entity. Existing accounts must be scanned for matches, and if found, banks must freeze funds and financial assets as per the UAPA Order procedures detailed in the October 29, 2009 circular. Non-compliance could lead to regulatory action.
What you must do
Update your internal consolidated list of terrorist individuals/entities with the latest UNSC 1267 Committee changes.
Screen all new account applications against the updated list before opening accounts.
Scan all existing accounts to identify any linked to listed individuals/entities.
Freeze funds, financial assets, or economic resources of any matched accounts as per paragraph 6 of the October 29, 2009 circular.
Acknowledge receipt of this circular to your respective RBI Regional Office via the Compliance/Principal Officer.
Who it affects
All State Co-operative Banks, All Central Co-operative Banks, Compliance Officers and Principal Officers of co-operative banks
❓ Common questions
What is the source of the updated list?
The list is based on a note dated January 19, 2010 from the Chairman of the UN Security Council's 1267 Committee, forwarded by the Ministry of External Affairs. The full consolidated list is available on the UN website at http://www.un.org/sc/committees/1267/consolist.shtml.
What action is required if we find an existing account linked to a listed entity?
You must freeze the funds, financial assets, or economic resources held in that account, following the procedure detailed in paragraph 6 of RBI circular RPCD.CO.RF.AML.BC. No. 34/07.40.00/2009-10 dated October 29, 2009.
Do we need to report compliance to RBI?
Yes, the Compliance Officer or Principal Officer must acknowledge receipt of this circular to the concerned RBI Regional Office.
📜 Read the original circular — full text as issued by RBI
RBI/2009-10/346
RPCD.CO.RF.AML.No.9345/07.02.12/2009-10
March 11, 2010
The Chairmen / CEOs of all State and Central Co-operative Banks
Dear Sir,
List of Terrorist Individuals/Organisations - under UNSCR 1267(1999)
and 1822(2008) on Taliban/Al-Qaida Organisation
Please refer to our circular letter RPCD.CO.RF.AML.No.8956/07.02.12/2009-10 dated March 02, 2010. We have since received from Government of India (Ministry of External Affairs) a copy of note dated January 19, 2010 from the Chairman of UN Security Council's 1267 Committee regarding changes made in the Consolidated List of Individuals and entities linked to Al-Qaida and Taliban (copy enclosed).
2. Banks are required to update the consolidated list of individuals/entities as circulated by Reserve Bank and before opening any new account, it should be ensured that the name/s of the proposed customer does not appear in the list. Further, banks should scan all existing accounts to ensure that no account is held by or linked to any of the entities or individuals included in the list.
3 . Banks are advised to strictly follow the procedure laid down in the UAPA Order dated August 27, 2009 enclosed to our circular RPCD.CO.RF.AML. BC. No. 34/07.40.00/ 2009-10 dated October 29, 2009 and ensure meticulous compliance to the Order issued by the Government.
4. As far as freezing of funds, financial assets or economic resources or related services held in the form of bank accounts of the designated individuals/entities are concerned, action should be taken as detailed in paragraph 6 of the circular dated October 29, 2009, mentioned above.
5. The complete details of the said consolidated list are available on the UN website:
http://www.un.org/sc/committees/1267/consolist.shtml
6. Compliance Officer/Principal Officer should acknowledge receipt of this circular letter to our concerned Regional Office.
Yours faithfully,
(S.S.Sahota)
Deputy General Manager
Encl: As above
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2009-10/346 · issued 11 Mar 2010. The plain-English explanation above is BankPulse’s own independent summary.
Screen all new account applications against the updated list before opening accounts.
📜 Compliance
Update your internal consolidated list of terrorist individuals/entities with the latest UNSC 1267 Committee changes.
Scan all existing accounts to identify any linked to listed individuals/entities.
Freeze funds, financial assets, or economic resources of any matched accounts as per paragraph 6 of the October 29, 2009 circular.
Acknowledge receipt of this circular to your respective RBI Regional Office via the Compliance/Principal Officer.
Grouped from the action items above — a single circular may involve more than one team.
Worked example & action-note template
Example: if you are a Compliance officer at a bank this circular applies to (All State Co-operative Banks, All Central Co-operative Banks, Compliance Officers and Principal Officers of co-operative banks), your first concrete step on “UNSC 1267/1822 Terror List Update for Co-op Banks” is: “Update your internal consolidated list of terrorist individuals/entities with the latest UNSC 1267 Committee changes.” (RBI issued this 11 Mar 2010).
Circular: RBI/2009-10/346 -- UNSC 1267/1822 Terror List Update for Co-op Banks
Issued: 11 Mar 2010
Action required: Update your internal consolidated list of terrorist individuals/entities with the latest UNSC 1267 Committee changes.
Action required: Screen all new account applications against the updated list before opening accounts.
Action required: Scan all existing accounts to identify any linked to listed individuals/entities.
Action required: Freeze funds, financial assets, or economic resources of any matched accounts as per paragraph 6 of the October 29, 2009 circular.
Action required: Acknowledge receipt of this circular to your respective RBI Regional Office via the Compliance/Principal Officer.
Owner: ____________ Target date: ____________
Board/committee approval needed? Y / N
Evidence filed in compliance register on: ____________
Built only from this circular’s own published fields — not legal advice; always confirm against the official RBI source.
💬 Banker Discussion
Discuss this circular with fellow bankers — reply, upvote what helps, report what doesn’t belong. Be professional; no client data. Views are the commenter’s own, not BankPulse’s.
BankPulse Compliance Evidence Pack — generated 03 Aug 2026 · status cross-checked against RBI’s official withdrawal register (refreshed weekly). Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=5532&Mode=0 — Plain-English summary by BankPulse (bankpulse.ai), reviewed by our expert reviewer, CA Amit Jain. Independent platform, not affiliated with the Reserve Bank of India; is our own plain-English paraphrase, not RBI’s original wording.
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