Current · Source: Reserve Bank of India · RBI/2009-10/435 · issued 29 Apr 2010 · ~1 min read
Quick answerRBI has updated the UNSC 1267 consolidated list of terrorist individuals/entities linked to Al-Qaida and Taliban. All Primary (Urban) Co-operative Banks must screen new and existing accounts against this list and freeze assets of designated entities as per earlier UAPA guidelines.
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
Banks must update their list of bad people (terrorists linked to Al-Qaida and Taliban) with the new names from the UN.
Before letting someone open a new account, check their name against the updated list.
Check all existing accounts to see if any belong to or are linked to people on the list.
If you find a match, freeze (lock) their money and assets following the rules from the November 16, 2009 circular.
Send a confirmation to your RBI Regional Office that you got this rule.
How it plays out — a real example
A compliance officer at a Primary Urban Co-operative Bank in Surat receives this circular. She immediately updates the bank's screening database with the new UN list. The next day, when a customer applies for a savings account, she runs the name and finds a match to a listed entity, so she rejects the application and freezes any linked accounts as per the earlier guidelines.
What changed
RBI forwarded a new UN Security Council 1267 Committee note (dated April 22, 2010) with changes to the consolidated list of individuals/entities linked to Al-Qaida and Taliban. This supersedes the previous list circulated via circular dated April 19, 2010.
What it means for you
UCBs must immediately update their internal screening databases with the revised UN list. Before opening any new account, banks must verify the proposed customer's name against this list, and all existing accounts must be scanned for matches. Freezing of funds and assets of designated individuals/entities must follow the procedure outlined in the November 16, 2009 circular.
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 onboarding.
Scan all existing accounts to identify any linked to listed individuals/entities.
Freeze funds, financial assets, or economic resources of designated entities as per paragraph 6 of the November 16, 2009 circular.
Acknowledge receipt of this circular to your respective RBI Regional Office.
Who it affects
All Primary (Urban) Co-operative Banks, Compliance Officers / Principal Officers of UCBs
❓ Common questions
Where can I find the complete updated list?
The full consolidated list is available on the UN website at http://www.un.org/sc/committees/1267/consolist.shtml.
What action is required for existing accounts linked to listed entities?
Banks must freeze funds, financial assets, or economic resources held in such accounts, following the procedure detailed in paragraph 6 of the November 16, 2009 circular.
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/2009-10/435
UBD. BPD. (PCB).Cir. No. 61 /14.01.062/2009-10
April 29, 2010
The Chief Executive Officers of
All Primary (Urban) Co-operative Banks
Dear Sir / Madam,
List of Terrorist individuals / organizations – under UNSCR 1267 (1999) and
1822(2008) on Taliban / Al-Qaida Organisation - UCBs
Please refer to our circular UBD (PCB) CO.BPD. Cir. No. 57 / 14.01.062 / 2009-10 dated April 19, 2010 on the above subject. We have since received from Government of India (Ministry of External Affairs), copy of note dated April 22, 2010 ( copy enclosed ) 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.
2. Banks/Financial Institutions 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 UBD.CO.BPD.PCB.Cir.No.21/12.05.001/2009-10 dated November 16, 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 November 16, 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. The Compliance Officer / Principal Officer of the bank should acknowledge receipt of this circular to our Regional Office concerned .
Yours faithfully
(Monisha Chakraborty)
Deputy General Manager
Encl: As above.
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2009-10/435 · issued 29 Apr 2010. The plain-English explanation above is BankPulse’s own independent summary.
Screen all new account applications against the updated list before onboarding.
📜 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 designated entities as per paragraph 6 of the November 16, 2009 circular.
Acknowledge receipt of this circular to your respective RBI Regional Office.
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 Primary (Urban) Co-operative Banks, Compliance Officers / Principal Officers of UCBs), your first concrete step on “UN Terror List Update: UCBs Must Screen Accounts” is: “Update your internal consolidated list of terrorist individuals/entities with the latest UNSC 1267 Committee changes.” (RBI issued this 29 Apr 2010).
Circular: RBI/2009-10/435 -- UN Terror List Update: UCBs Must Screen Accounts
Issued: 29 Apr 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 onboarding.
Action required: Scan all existing accounts to identify any linked to listed individuals/entities.
Action required: Freeze funds, financial assets, or economic resources of designated entities as per paragraph 6 of the November 16, 2009 circular.
Action required: Acknowledge receipt of this circular to your respective RBI Regional Office.
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=5633&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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