RBI's own words: “Please refer to our circular letter DBOD. AML No.16832 /14.06.001/2010-11 dated May 2, 2011” — RBI/2010-11/557
Source: Reserve Bank of India · RBI/2010-11/499 · issued 02 May 2011 · ~1 min read
Quick answerRBI mandates banks to update the UNSC 1267/1822 consolidated list of terrorist individuals/entities linked to Al-Qaida/Taliban, screen new and existing accounts, and follow 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 the list of terrorist individuals/entities linked to Al-Qaida/Taliban.
Screen new and existing accounts to ensure no matches with listed individuals/entities.
Follow UAPA freezing procedures for funds and assets as per RBI circular dated September 17, 2009.
Compliance Officer/Principal Officer must acknowledge receipt of this circular.
How it plays out — a real example
As a KYC & compliance officer in Indore, I must ensure that no new account is opened for anyone on the updated list. I also need to scan all existing accounts to identify any linked to listed individuals/entities and follow the freezing procedures as per RBI circular dated September 17, 2009.
What changed
RBI received a Government of India note dated April 28, 2011, from the UN Security Council's 1267 Committee with changes to the Consolidated List of individuals and entities linked to Al-Qaida and Taliban. Banks must update their records accordingly.
What it means for you
Banks must ensure no new account is opened for any listed individual/entity and scan all existing accounts for matches. Freezing of funds and assets must follow the procedure in the September 17, 2009 circular. Compliance officers must acknowledge receipt.
Historical instruction — do not use for current compliance. This is what was required at the time; it no longer reflects current RBI requirements. If no replacement rule is linked above, that only means none is recorded on our register yet — it does not prove no later applicable rule exists. Confirm on the official RBI source below.
What banks were required to do at the time
Update the consolidated list of terrorist individuals/entities as per the UNSC 1267 Committee changes.
Screen all new account applications against the updated list before opening.
Scan all existing accounts to identify any linked to listed individuals/entities.
Follow UAPA Order dated August 27, 2009, and RBI circular of September 17, 2009, for freezing funds and assets.
Ensure Compliance Officer/Principal Officer acknowledges receipt of this circular.
Who it affects
All Scheduled Commercial Banks (excluding RRBs), Local Area Banks, All India Financial Institutions
Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).
What is the source of the updated list?
The list is from the UN Security Council's 1267 Committee, 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 none are held by or linked to any listed individuals or entities, and freeze funds/assets as per the UAPA Order and RBI circular.
Who needs to acknowledge this circular?
The Compliance Officer or Principal Officer of each bank/financial institution must acknowledge receipt.
📜 This document’s life story (1 recorded event, each backed by RBI’s own words)
RBI’s words: “Please refer to our circular letter DBOD. AML No.16832 /14.06.001/2010-11 dated May 2, 2011”
📜 Read the original circular — full text as issued by RBI
RBI/2010-11/499
DBOD. AML.No.16832/14.06.001/2010-11
May 02, 2011
The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/
Local Area Banks / All India Financial Institutions
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 DBOD. AML.No.15369 /14.06.001/2010-11 dated March 31, 2011 . We have since received from Government of India (Ministry of External Affairs) copy of note dated April 28, 2011 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:
2. Banks/All India Financial Institutions 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 DBOD.AML.BC. No. 44/14.01.001/2009-10 dated September 17, 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 September 17, 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.
Yours faithfully,
(S. K. Jha)
Deputy General Manager
Encl: As above
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2010-11/499 · issued 02 May 2011. The plain-English explanation above is BankPulse’s own independent summary.
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=6371&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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