Current · Source: Reserve Bank of India · RBI/2010-11/148 · issued 29 Jul 2010 · ~1 min read
Quick answerRBI directs Urban Cooperative Banks to update their records with the latest UN 1267 Committee list of individuals/entities linked to Al-Qaida and Taliban, screen new and existing accounts, and follow freezing procedures as per earlier circulars.
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 the list of terrorist individuals/entities from the UN website and check against new account openings.
Scan existing accounts to find any linked to listed individuals/entities and freeze assets.
Follow procedures for freezing funds and assets as per the November 2009 circular.
How it plays out — a real example
Aisha, a compliance officer at a cooperative bank in Mumbai, ensures that all new account openings are checked against the updated UN list to prevent any accounts being opened for listed entities. She also scans existing accounts to identify and freeze any linked assets, following the detailed procedures from the November 2009 circular.
What changed
RBI has forwarded a new UN Security Council 1267 Committee note dated July 19, 2010, with changes to the consolidated list of terrorist-linked individuals and entities. Urban Cooperative Banks must update their internal lists accordingly and ensure compliance with the UAPA Order of August 27, 2009.
What it means for you
Banks must immediately update their customer screening databases with the revised UN list to prevent any new accounts being opened for listed entities. Existing accounts must be scanned to identify and freeze any linked assets, following the detailed procedures from the November 2009 circular.
What you must do
Update the consolidated list of terrorist individuals/entities from the UN website and cross-check against all new account openings.
Scan all existing accounts to ensure no account is held by or linked to any listed individual or entity.
Follow the freezing procedures for funds, financial assets, or economic resources as per paragraph 6 of the November 16, 2009 circular.
Acknowledge receipt of this circular to your respective RBI Regional Office through the Compliance Officer or Principal Officer.
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 of individuals and entities?
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?
Banks must freeze funds, financial assets, or economic resources held in such accounts, following the procedures 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/2010-11/148
UBD. BPD. (PCB).Cir. No. 5/14.01.062/2010-11
July 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. 4/14.01.062/2009-10 dated July 26, 2010 on the above subject. We have since received from Government of India (Ministry of External Affairs), copy of note dated July 19, 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/2010-11/148 · issued 29 Jul 2010. The plain-English explanation above is BankPulse’s own independent summary.
Update the consolidated list of terrorist individuals/entities from the UN website and cross-check against all new account openings.
📜 Compliance
Scan all existing accounts to ensure no account is held by or linked to any listed individual or entity.
Follow the freezing procedures for funds, financial assets, or economic resources as per paragraph 6 of the November 16, 2009 circular.
Acknowledge receipt of this circular to your respective RBI Regional Office through the Compliance Officer or 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 Branch Manager 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 Updates for Urban Co-op Banks” is: “Update the consolidated list of terrorist individuals/entities from the UN website and cross-check against all new account openings.” (RBI issued this 29 Jul 2010).
Circular: RBI/2010-11/148 -- UN Terror List Updates for Urban Co-op Banks
Issued: 29 Jul 2010
Action required: Update the consolidated list of terrorist individuals/entities from the UN website and cross-check against all new account openings.
Action required: Scan all existing accounts to ensure no account is held by or linked to any listed individual or entity.
Action required: Follow the freezing procedures for funds, financial assets, or economic resources as per paragraph 6 of the November 16, 2009 circular.
Action required: Acknowledge receipt of this circular to your respective RBI Regional Office through the Compliance Officer or 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=5914&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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