Current · Source: Reserve Bank of India · RBI/2010-11/129 · issued 22 Jul 2010 · ~1 min read
Quick answerRBI has circulated an updated UN 1267 Committee list of individuals/entities linked to Al-Qaida and Taliban. All Urban Cooperative Banks must screen new and existing accounts against this list and comply with UAPA freezing orders.
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 check every new customer's name against a list of bad people (terrorists) linked to Al-Qaida and Taliban before opening their account.
Banks must also check all existing accounts to see if any match the updated list of bad people.
If a match is found, the bank must freeze (lock) that account's money and follow the government's freezing rules from a previous RBI circular.
The updated list is available on the UN website, and banks must use it to keep their records correct.
The bank's compliance officer must tell the RBI regional office that they got this rule.
How it plays out — a real example
A co-operative bank branch officer in Indore, Priya, receives this RBI circular. She immediately updates her bank's computer system with the new UN list of terrorists. Before approving a new gold loan for a customer, she checks the customer's name against the list and finds no match, so she proceeds safely. She also runs a scan of all existing loan accounts and finds none linked to the list, ensuring her bank follows the rules.
What changed
RBI forwarded a July 12, 2010 note from the UN Security Council's 1267 Committee containing changes to the consolidated list of terrorist-linked individuals and entities. This updates the previous list circulated via RBI circular dated July 2, 2010.
What it means for you
Urban Cooperative Banks must immediately update their internal screening databases with the revised UN list. Failure to identify and freeze accounts of designated persons could lead to regulatory action and reputational risk.
What you must do
Update the consolidated list of terrorist individuals/entities in your systems using the UN website link provided.
Screen all new account applications against the updated list before onboarding.
Scan all existing accounts to identify any matches with the revised list.
Freeze funds and financial assets of any matched accounts as per the procedure in RBI's November 16, 2009 circular.
Acknowledge receipt of this circular to your respective Regional Office.
Who it affects
All Primary (Urban) Cooperative Banks, Compliance Officers and Principal Officers of UCBs
❓ Common questions
Where can we 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 that match the list?
You must freeze the funds, financial assets, or economic resources held in such accounts, following the procedure detailed in paragraph 6 of RBI's circular dated November 16, 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 Regional Office of RBI.
📜 Read the original circular — full text as issued by RBI
RBI/2010-11/129
UBD. BPD. (PCB).Cir. No. 2 /14.01.062/2010-11
July 22, 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. 1 / 14.01.062 / 2009-10 dated July 2, 2010 on the above subject. We have since received from Government of India (Ministry of External Affairs), copy of note dated July 12, 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. Urban Cooperative 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 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/2010-11/129 · issued 22 Jul 2010. The plain-English explanation above is BankPulse’s own independent summary.
Update the consolidated list of terrorist individuals/entities in your systems using the UN website link provided.
Screen all new account applications against the updated list before onboarding.
📜 Compliance
Scan all existing accounts to identify any matches with the revised list.
Freeze funds and financial assets of any matched accounts as per the procedure in RBI's November 16, 2009 circular.
Acknowledge receipt of this circular to your respective 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 an IT/Systems lead at a bank this circular applies to (All Primary (Urban) Cooperative Banks, Compliance Officers and Principal Officers of UCBs), your first concrete step on “UN Terror List Update for Urban Co-op Banks” is: “Update the consolidated list of terrorist individuals/entities in your systems using the UN website link provided.” (RBI issued this 22 Jul 2010).
Circular: RBI/2010-11/129 -- UN Terror List Update for Urban Co-op Banks
Issued: 22 Jul 2010
Action required: Update the consolidated list of terrorist individuals/entities in your systems using the UN website link provided.
Action required: Screen all new account applications against the updated list before onboarding.
Action required: Scan all existing accounts to identify any matches with the revised list.
Action required: Freeze funds and financial assets of any matched accounts as per the procedure in RBI's November 16, 2009 circular.
Action required: Acknowledge receipt of this circular to your respective 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=5890&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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