Current · Source: Reserve Bank of India · RBI/2010-11/351 · issued 04 Jan 2011 · ~2 min read
Quick answerRBI directs StCBs/DCCBs to update UNSCR 1267/1822 terrorist lists using eight new UN notes (Aug-Dec 2010). Banks must screen new and existing accounts against the consolidated list and follow UAPA Order procedures for freezing assets.
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
Cooperative banks must update their list of bad people (terrorists linked to Al-Qaida and Taliban) using eight new UN notes from August to December 2010.
Before opening a new account, check the customer's name against the updated list to make sure they are not a bad person.
Re-check all existing accounts against the updated list to find any bad people already in the bank.
If you find a match, freeze (stop all use of) that person's money and assets, following the rules from the government's UAPA Order (a law against terrorism).
The bank's compliance officer must tell the RBI (Reserve Bank of India) regional office that they got this circular.
How it plays out — a real example
A co-operative bank branch officer in Indore, Priya, receives this circular on January 5, 2011. She immediately updates her bank's internal list of banned individuals with the eight new UN annexes. That afternoon, when a new customer comes to open a savings account, Priya screens his name against the updated list and finds no match, so she proceeds. She also runs a re-scan of all existing loan accounts and discovers one account linked to a newly added name; she freezes that account's funds and reports it to her compliance officer, following the UAPA Order procedures.
What changed
RBI forwarded eight UN Security Council 1267 Committee notes (dated Aug 6 to Dec 17, 2010) with changes to the consolidated list of individuals/entities linked to Al-Qaida and Taliban. Banks are required to update their reference list and ensure compliance with the UAPA Order of August 27, 2009, as previously communicated.
What it means for you
Cooperative banks must immediately incorporate these UN list updates into their AML/KYC screening processes. Failure to identify and freeze accounts of designated entities could lead to regulatory action. The circular reinforces that existing account holders must be re-scanned against the latest list, and new account openings must include a name check.
What you must do
Update your internal UNSCR 1267/1822 consolidated list with the eight annexes provided in this circular.
Screen all new account applicants against the updated list before account opening.
Re-scan all existing customer accounts to identify any matches with the updated list.
Freeze funds and financial assets of any matched individuals/entities as per paragraph 6 of the October 29, 2009 circular.
Acknowledge receipt of this circular to your respective RBI Regional Office through the Compliance Officer/Principal Officer.
Who it affects
State Cooperative Banks (StCBs), District Central Cooperative Banks (DCCBs), Compliance Officers and Principal Officers of cooperative banks
❓ Common questions
What is the source of the updated list?
The list is based on notes from the UN Security Council's 1267 Committee, forwarded by the Ministry of External Affairs. The full consolidated list is available on the UN website at http://www.un.org/sc/committees/1267/consolist.shtml.
Do we need to check only new accounts?
No. The circular explicitly requires both pre-opening checks for new accounts and scanning of all existing accounts to ensure no account is held by or linked to any listed entity or individual.
What action is required if a match is found?
You must freeze the funds, financial assets, or economic resources held in the bank account of the designated individual/entity, following the procedure detailed in paragraph 6 of the RBI circular dated October 29, 2009.
📜 Read the original circular — full text as issued by RBI
RBI/2010-11/351
RPCD.CO.RCB.AML.No.7251/07.02.12/2010-11
January 4, 2011
The Chairmen / CEOs of all State and Central Co-operative Banks
Dear Sir,
List of Terrorist Individuals/Organisations - under UNSCR 1267(1999)
and 1822(2008) on Taliban/Al-Qaida Organisation
Please refer to our circular letter RPCD.CO.RCB.AML.No. 6706/07.02.12/2010-11 dated December 14, 2010 . We have since received from Government of India (Ministry of External Affairs) copy of following notes forwarded by 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.
Note dated December 17, 2010 ( Annex I )
Note dated December 16, 2010 ( Annex II )
Note dated December 1 , 2010 ( Annex III )
Note dated November 4 , 2010 ( Annex IV )
Note dated October 21 , 2010 ( Annex V )
Note dated September 28 , 2010 ( Annex VI )
Note dated September 13 , 2010 ( Annex VII )
Note dated August 6 , 2010 ( Annex VIII )
2. 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 RPCD.CO.RF.AML. BC. No. 34/07.40.00/ 2009-10 dated October 29, 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 October 29, 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. Compliance Officer/Principal Officer should acknowledge receipt of this circular letter to our concerned Regional Office.
Yours faithfully,
(R.K.Moolchandani)
Deputy General Manager
Encl: As above
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2010-11/351 · issued 04 Jan 2011. The plain-English explanation above is BankPulse’s own independent summary.
Screen all new account applicants against the updated list before account opening.
📜 Compliance
Update your internal UNSCR 1267/1822 consolidated list with the eight annexes provided in this circular.
Re-scan all existing customer accounts to identify any matches with the updated list.
Freeze funds and financial assets of any matched individuals/entities as per paragraph 6 of the October 29, 2009 circular.
Acknowledge receipt of this circular to your respective RBI Regional Office through the Compliance Officer/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 Compliance officer at a bank this circular applies to (State Cooperative Banks (StCBs), District Central Cooperative Banks (DCCBs), Compliance Officers and Principal Officers of cooperative banks), your first concrete step on “UN Terror List Updates for Cooperative Banks” is: “Update your internal UNSCR 1267/1822 consolidated list with the eight annexes provided in this circular.” (RBI issued this 04 Jan 2011).
Circular: RBI/2010-11/351 -- UN Terror List Updates for Cooperative Banks
Issued: 04 Jan 2011
Action required: Update your internal UNSCR 1267/1822 consolidated list with the eight annexes provided in this circular.
Action required: Screen all new account applicants against the updated list before account opening.
Action required: Re-scan all existing customer accounts to identify any matches with the updated list.
Action required: Freeze funds and financial assets of any matched individuals/entities as per paragraph 6 of the October 29, 2009 circular.
Action required: Acknowledge receipt of this circular to your respective RBI Regional Office through the Compliance Officer/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=6193&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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