Current · Source: Reserve Bank of India · RBI/2010-11/237 · issued 19 Oct 2010 · ~2 min read
Quick answerRBI directs Primary Urban Co-operative Banks to update the UNSC 1267 consolidated list of individuals/entities linked to Al-Qaida and Taliban, screen new and existing accounts, and comply with UAPA freezing 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
Update your bank's list of bad people and groups linked to Al-Qaida and Taliban using the new list from the UN website.
Before letting anyone open a new account, check their name against this updated list to make sure they are not on it.
Check all your existing accounts to see if any match the names on the new list.
If you find a match, freeze that account's money and assets following the rules from the government's UAPA order and RBI's earlier instructions.
Send a message to your RBI Regional Office to say you got this circular.
How it plays out — a real example
Ravi, a compliance officer at a Primary Urban Co-operative Bank in Surat, receives this RBI circular. He immediately downloads the updated UN list, uploads it into the bank's account-opening software, and runs a fresh scan of all 5,000 existing accounts. The scan flags one old savings account that matches a newly added name. Ravi freezes that account's funds as per the UAPA freezing procedure and reports the action to his RBI Regional Office.
What changed
RBI issued a circular on October 19, 2010, forwarding a Government of India note with updates to the UN Security Council's 1267 Committee consolidated list of individuals and entities linked to Al-Qaida and Taliban. This supersedes the previous list circulated via circular dated September 30, 2010.
What it means for you
Urban Co-operative Banks must immediately update their internal databases with the revised UN list and ensure no new accounts are opened for listed entities. Existing accounts must be scanned for matches, and any identified accounts must be frozen as per the UAPA Order of August 27, 2009, and RBI's November 16, 2009 circular.
What you must do
Update the consolidated list of individuals/entities from the UN website and integrate it into your account opening and screening systems.
Screen all new account applications against the updated list before onboarding.
Conduct a fresh scan of all existing accounts to identify any matches with the updated list.
Freeze funds, financial assets, or economic resources of any matched accounts as per 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
Where can we find the latest consolidated list?
The complete 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 or related services held in bank accounts of designated individuals/entities, following the procedure detailed in paragraph 6 of RBI circular dated November 16, 2009.
Do we need to report compliance to RBI?
Yes, the Compliance Officer or Principal Officer of the bank must acknowledge receipt of this circular to the concerned RBI Regional Office.
📜 Read the original circular — full text as issued by RBI
RBI/2010-11/237
UBD. BPD. (PCB).Cir. No.16 /14.01.062/2010-11
October 19, 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.14/ 14.01.062/2010-11 dated September 30, 2010 on the above subject. We have since received from Government of India (Ministry of External Affairs), copy of note dated September 30, 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/2010-11/237 · issued 19 Oct 2010. The plain-English explanation above is BankPulse’s own independent summary.
Update the consolidated list of individuals/entities from the UN website and integrate it into your account opening and screening systems.
💻 IT / Systems
Screen all new account applications against the updated list before onboarding.
📜 Compliance
Conduct a fresh scan of all existing accounts to identify any matches with the updated list.
Freeze funds, financial assets, or economic resources of any matched accounts 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 Branch Manager 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 Terror List Update for UCBs” is: “Update the consolidated list of individuals/entities from the UN website and integrate it into your account opening and screening systems.” (RBI issued this 19 Oct 2010).
Circular: RBI/2010-11/237 -- UNSC 1267 Terror List Update for UCBs
Issued: 19 Oct 2010
Action required: Update the consolidated list of individuals/entities from the UN website and integrate it into your account opening and screening systems.
Action required: Screen all new account applications against the updated list before onboarding.
Action required: Conduct a fresh scan of all existing accounts to identify any matches with the updated list.
Action required: Freeze funds, financial assets, or economic resources of any matched accounts 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=6049&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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