Current · Source: Reserve Bank of India · RBI/2009-10/460 · issued 12 May 2010 · ~1 min read
Quick answerRBI directs Primary Urban Co-operative Banks to update their records with the latest UNSC 1267 Committee's consolidated list of individuals/entities linked to Al-Qaida and Taliban, screen new and existing accounts, and comply with UAPA Order procedures.
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) using the new list from May 5, 2010.
Before opening a new account, check the customer's name against the updated list. If it matches, do not open the account.
Check all existing accounts to see if any belong to or are linked to people on the list.
If you find a matching account, freeze (lock) the money and assets following the rules from the November 16, 2009 circular.
The bank's compliance officer must tell the RBI regional office that they got this circular.
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 from May 5, 2010. Then she runs a check on all existing accounts and finds one that matches a listed entity. She freezes that account's funds as instructed in the November 16, 2009 circular, ensuring the bank follows the law.
What changed
RBI forwarded a May 5, 2010 note from the UN Security Council's 1267 Committee detailing changes to the consolidated list of Al-Qaida and Taliban-linked individuals and entities. This supersedes the previous list circulated via circular dated April 29, 2010.
What it means for you
UCBs must immediately update their internal screening databases with the revised UN list to prevent any new account opening for listed entities. Existing accounts must be scanned for matches, and any identified accounts must be frozen as per the UAPA Order procedures outlined in the November 16, 2009 circular.
What you must do
Update your bank's consolidated list of UNSC-designated individuals/entities with the latest changes from the May 5, 2010 UN note.
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 and assets of any matched accounts following paragraph 6 of the November 16, 2009 circular.
Acknowledge receipt of this circular to your respective RBI Regional Office.
Who it affects
Primary (Urban) Co-operative Banks, Compliance Officers / Principal Officers of UCBs
❓ Common questions
What is the source of the updated list?
The list is from the UN Security Council's 1267 Committee, as communicated by the Government of India (Ministry of External Affairs) via a note dated May 5, 2010.
What action is required for existing accounts?
Banks must scan all existing accounts to ensure no account is held by or linked to any entity or individual on the updated list, and freeze any such accounts as per the UAPA Order procedures.
Where can I find the complete consolidated list?
The full list is available on the UN website at http://www.un.org/sc/committees/1267/consolist.shtml.
📜 Read the original circular — full text as issued by RBI
RBI/2009-10/460
UBD. BPD. (PCB).Cir. No.66 /14.01.062/2009-10
May 12, 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. 61/14.01.062/2009-10 dated April 29, 2010 on the above subject. We have since received from Government of India (Ministry of External Affairs), copy of note dated May 5, 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
(M. Nanda Kumar)
Deputy General Manager
Encl: As above
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2009-10/460 · issued 12 May 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 bank's consolidated list of UNSC-designated individuals/entities with the latest changes from the May 5, 2010 UN note.
Scan all existing accounts to identify any linked to listed individuals/entities.
Freeze funds and assets of any matched accounts following 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 (Primary (Urban) Co-operative Banks, Compliance Officers / Principal Officers of UCBs), your first concrete step on “UNSC 1267/1822 Terror List Update for UCBs” is: “Update your bank's consolidated list of UNSC-designated individuals/entities with the latest changes from the May 5, 2010 UN note.” (RBI issued this 12 May 2010).
Circular: RBI/2009-10/460 -- UNSC 1267/1822 Terror List Update for UCBs
Issued: 12 May 2010
Action required: Update your bank's consolidated list of UNSC-designated individuals/entities with the latest changes from the May 5, 2010 UN note.
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 and assets of any matched accounts following 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=5672&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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