UNSC 1267/1822 Terror List Updates for Urban Co-op Banks
Current · Source: Reserve Bank of India · RBI/2010-11/461 · issued 31 Mar 2011 · ~2 min read
Quick answerRBI has forwarded four UNSC 1267 Committee updates (Jan–Mar 2011) to all Primary Urban Co-operative Banks. Banks must update their consolidated list of terrorist individuals/entities, 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
Urban Co-operative Banks must update their list of bad people (terrorists) with four new UN updates from January to March 2011.
Before letting anyone open a new account, check their name against the updated list to make sure they are not a terrorist.
Check all existing accounts to see if any belong to or are linked to people on the list, and freeze those accounts.
Follow the freezing rules from the government's UAPA order (dated August 27, 2009) and RBI's earlier circular (November 16, 2009).
The Compliance Officer or Principal 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 Pune receives this RBI circular. She immediately updates the bank's internal list of terrorist individuals and entities with the four new UN notes. Before approving a new loan account for a local shopkeeper, she screens his name against the updated list and finds no match, so she proceeds. She also runs a scan of all existing accounts and discovers one account linked to a newly listed entity, so she freezes it following the UAPA freezing procedures.
What changed
RBI circulated four new notes from the UN Security Council's 1267 Committee (dated Jan 19, Jan 24, Feb 9, and Mar 10, 2011) that amend the Consolidated List of individuals and entities linked to Al-Qaida and Taliban. Urban Co-operative Banks are now required to incorporate these changes into their internal screening lists.
What it means for you
Urban Co-operative Banks must immediately update their customer screening databases with the latest UN sanctions list. Before opening any new account, banks must verify that the proposed customer's name is not on the list, and all existing accounts must be scanned for matches. Failure to comply could lead to regulatory action and reputational risk.
What you must do
Update your internal consolidated list of terrorist individuals/entities with the four UN notes enclosed in this circular.
Screen all new account applications against the updated list before onboarding.
Scan all existing accounts to identify and freeze any accounts linked to listed entities or individuals.
Follow the freezing procedures outlined in paragraph 6 of RBI circular dated November 16, 2009, as per the UAPA Order of August 27, 2009.
Acknowledge receipt of this circular to your respective Regional Office through the Compliance/Principal Officer.
Who it affects
All Primary (Urban) Co-operative Banks, Compliance Officers and Principal Officers of Urban Co-operative Banks
❓ Common questions
What is the source of the updated list?
The updates come from the UN Security Council's 1267 Committee, as notified by the Government of India – Ministry of External Affairs. The full consolidated list is available on the UN website at http://www.un.org/sc/committees/1267/consolist.shtml.
What actions are 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. If a match is found, banks must freeze the funds, financial assets, or economic resources as per the procedure in paragraph 6 of the November 16, 2009 circular.
Who should acknowledge receipt of this circular?
The Compliance Officer or Principal Officer of the Urban Co-operative Bank must acknowledge receipt to the concerned Regional Office of RBI.
📜 Read the original circular — full text as issued by RBI
RBI/2010-11/461
UBD.CO.BPD (PCB) Cir.No. 43/14.01.062/2010-11
March 31, 2011
The Chief Executive Officer of
All Primary (Urban) Co-operative Banks
Dear Sir,
List of Terrorist Individuals /Organisations under UNSCR 1267 (1999) and 1822 (2008) on Taliban/Al-Qaida Organisation – Primary (Urban) Co-operative Banks
Please refer to our circular UBD.CO. BPD (PCB).Cir.No.31/14.01.062/2010-11 dated December 28, 2010 . We enclose, as detailed below, copies of notification (received from Government of India – Ministry of External Affairs) of 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:
1. Note dated January 19, 2011
2. Note dated January 24, 2011
3. Note dated February 09, 2011
4. Note dated March 10, 2011
2. Urban Co-operative 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. Urban Co-operative 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 Orders 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 Urban Co-operative Bank should acknowledge receipt of this circular to our Regional Office concerned.
Yours faithfully,
(M. Nanda Kumar)
Deputy General Manager
Encls: As above
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2010-11/461 · issued 31 Mar 2011. The plain-English explanation above is BankPulse’s own independent summary.
Screen all new account applications against the updated list before onboarding.
📜 Compliance
Update your internal consolidated list of terrorist individuals/entities with the four UN notes enclosed in this circular.
Scan all existing accounts to identify and freeze any accounts linked to listed entities or individuals.
Follow the freezing procedures outlined in paragraph 6 of RBI circular dated November 16, 2009, as per the UAPA Order of August 27, 2009.
Acknowledge receipt of this circular to your respective Regional Office through the Compliance/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 (All Primary (Urban) Co-operative Banks, Compliance Officers and Principal Officers of Urban Co-operative Banks), your first concrete step on “UNSC 1267/1822 Terror List Updates for Urban Co-op Banks” is: “Update your internal consolidated list of terrorist individuals/entities with the four UN notes enclosed in this circular.” (RBI issued this 31 Mar 2011).
Circular: RBI/2010-11/461 -- UNSC 1267/1822 Terror List Updates for Urban Co-op Banks
Issued: 31 Mar 2011
Action required: Update your internal consolidated list of terrorist individuals/entities with the four UN notes enclosed in this circular.
Action required: Screen all new account applications against the updated list before onboarding.
Action required: Scan all existing accounts to identify and freeze any accounts linked to listed entities or individuals.
Action required: Follow the freezing procedures outlined in paragraph 6 of RBI circular dated November 16, 2009, as per the UAPA Order of August 27, 2009.
Action required: Acknowledge receipt of this circular to your respective Regional Office through the Compliance/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=6325&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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