RBI's own words: “Please refer to our circular letter RPCD.CO.RF.AML.No.9635/07.02.12/2009-10 dated March 19, 2010.” — RBI/2009-10/416
Source: Reserve Bank of India · RBI/2009-10/350 · issued 19 Mar 2010 · ~2 min read
Quick answerRBI directs co-operative banks to update the UN 1267 Committee's consolidated list of Al-Qaida/Taliban-linked individuals/entities. Banks must screen new and existing accounts against this list 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
Co-operative banks must update their internal watchlists with the latest UN 1267 list.
Screen all new and existing accounts against the updated list to identify any matches.
If a match is found, freeze funds/assets as per the UAPA Order procedures.
How it plays out — a real example
When a new customer applies for a gold loan, the officer must check their name against the updated UN 1267 list. If the name matches, the officer must freeze the customer's funds and follow the UAPA Order procedures to report the incident to the authorities.
What changed
RBI forwarded a January 26, 2010 UN 1267 Committee note with changes to the consolidated list of individuals/entities linked to Al-Qaida and Taliban. This updates the earlier list circulated via March 11, 2010 circular. Banks must now use this revised list for account screening.
What it means for you
Co-operative banks must immediately update their internal watchlists with the latest UN 1267 list. Failure to screen new or existing accounts could lead to regulatory action. The circular reinforces that freezing of funds must follow the detailed procedures in the October 29, 2009 circular (paragraph 6).
Historical instruction — do not use for current compliance. This is what was required at the time; it no longer reflects current RBI requirements. If no replacement rule is linked above, that only means none is recorded on our register yet — it does not prove no later applicable rule exists. Confirm on the official RBI source below.
What banks were required to do at the time
Update your internal consolidated list of terrorist individuals/entities with the latest UN 1267 Committee changes (enclosed with this circular).
Screen all new account applications against the updated list before opening accounts.
Scan all existing accounts to identify any matches with the updated list.
If a match is found, freeze funds/assets as per paragraph 6 of the October 29, 2009 circular.
Ensure Compliance Officer/Principal Officer acknowledges receipt of this circular to the concerned RBI Regional Office.
Who it affects
All State and Central Co-operative Banks, Compliance Officers and Principal Officers of co-operative banks
Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).
Where can I find the full consolidated list?
The complete list is available on the UN website at http://www.un.org/sc/committees/1267/consolist.shtml. RBI has also enclosed a copy of the UN note with this circular.
What action is required if an existing account matches the list?
You must freeze the funds, financial assets, or economic resources held in that account, following the procedure detailed in paragraph 6 of RBI circular dated October 29, 2009.
Do I need to confirm receipt of this circular?
Yes. The Compliance Officer or Principal Officer must acknowledge receipt of this circular to the concerned RBI Regional Office.
📜 This document’s life story (1 recorded event, each backed by RBI’s own words)
RBI’s words: “Please refer to our circular letter RPCD.CO.RF.AML.No.9635/07.02.12/2009-10 dated March 19, 2010.”
📜 Read the original circular — full text as issued by RBI
RBI/2009-10/350
RPCD.CO.RF.AML.No. 9635/07.02.12/2009-10
March 19, 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.9345/07.02.12/2009-10 dated March 11, 2010. We have since received from Government of India (Ministry of External Affairs) a copy of note dated January 26, 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/2009-10/350 · issued 19 Mar 2010. The plain-English explanation above is BankPulse’s own independent summary.
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=5536&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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