Current · Source: Reserve Bank of India · RBI/2010-11/504 · issued 02 May 2011 · ~2 min read
Quick answerRBI directs all Primary Urban Co-operative Banks to update their records with the latest UN 1267 Committee consolidated list of individuals/entities linked to Al-Qaida and Taliban, and ensure no new or existing accounts are linked to them.
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 terrorist individuals/entities with the latest UN 1267 Committee list.
Screen new account applicants against the updated list before opening accounts.
Scan existing accounts to identify any linked to listed individuals/entities and follow freezing procedures if necessary.
Ensure Compliance Officer/Principal Officer acknowledges receipt of this circular to the RBI Regional Office.
How it plays out — a real example
As a co-operative bank branch officer in Indore, I must ensure that all new customers are screened against the updated UN sanctions list before approving their loan applications. If I notice any matches, I will follow the freezing procedures outlined in the RBI circular to prevent any potential financial transactions with listed individuals/entities.
What changed
RBI has forwarded changes to the UN 1267 Committee's Consolidated List of individuals/entities linked to Al-Qaida and Taliban, based on a note dated March 24, 2011 from the Chairman of the UN 1267 Committee, received via the Ministry of External Affairs. This updates the list previously circulated via RBI circular dated March 31, 2011. Banks must now use this updated list for customer screening.
What it means for you
Urban Co-operative Banks must immediately update their internal databases with the revised UN sanctions list. They are required to screen all new account applicants against this list and review existing accounts for any matches. Non-compliance could lead to regulatory action, as the circular reiterates strict adherence to the UAPA Order of August 27, 2009.
What you must do
Update your bank's consolidated list of terrorist individuals/entities with the latest UN 1267 Committee list available on the UN website.
Screen all new account applications against the updated list before opening accounts.
Conduct a fresh scan of all existing accounts to identify any linked to listed individuals/entities.
Follow the freezing procedures outlined in paragraph 6 of RBI circular dated November 16, 2009, for any matches found.
Ensure the Compliance Officer/Principal Officer acknowledges receipt of this circular to the respective RBI Regional Office.
Who it affects
All Primary (Urban) Co-operative Banks, Compliance Officers and Principal Officers of UCBs, Branch managers handling account opening and KYC
❓ Common questions
Where can we find the latest consolidated list of terrorist individuals/entities?
The complete list is available on the UN website at http://www.un.org/sc/committees/1267/consolist.shtml. RBI has also forwarded the changes via this circular.
What action should we take if we find an existing account linked to a listed entity?
You must follow the freezing of funds and assets procedures detailed in paragraph 6 of RBI circular UBD.CO.BPD.PCB.Cir. No. 21/12.05.001/2009-10 dated November 16, 2009.
Is this circular applicable only to Urban Co-operative Banks?
Yes, this circular is specifically addressed to the Chief Executive Officers of all Primary (Urban) Co-operative Banks.
📜 Read the original circular — full text as issued by RBI
RBI/2010-11/504
UBD.CO.BPD (PCB) Cir.No.44/14.01.062/2010-11
May 02, 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.43/14.01.062/2010-11 dated March 31, 2011 . We have since received from Government of India (Ministry of External Affairs) copy of note dated March 24, 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. 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)
General Manager
Encls: As above
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2010-11/504 · issued 02 May 2011. The plain-English explanation above is BankPulse’s own independent summary.
Screen all new account applications against the updated list before opening accounts.
📜 Compliance
Update your bank's consolidated list of terrorist individuals/entities with the latest UN 1267 Committee list available on the UN website.
Conduct a fresh scan of all existing accounts to identify any linked to listed individuals/entities.
Follow the freezing procedures outlined in paragraph 6 of RBI circular dated November 16, 2009, for any matches found.
Ensure the Compliance Officer/Principal Officer acknowledges receipt of this circular to the 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 Compliance officer at a bank this circular applies to (All Primary (Urban) Co-operative Banks, Compliance Officers and Principal Officers of UCBs, Branch managers handling account opening and KYC), your first concrete step on “Updated UN Terror List for Urban Co-op Banks” is: “Update your bank's consolidated list of terrorist individuals/entities with the latest UN 1267 Committee list available on the UN website.” (RBI issued this 02 May 2011).
Circular: RBI/2010-11/504 -- Updated UN Terror List for Urban Co-op Banks
Issued: 02 May 2011
Action required: Update your bank's consolidated list of terrorist individuals/entities with the latest UN 1267 Committee list available on the UN website.
Action required: Screen all new account applications against the updated list before opening accounts.
Action required: Conduct a fresh scan of all existing accounts to identify any linked to listed individuals/entities.
Action required: Follow the freezing procedures outlined in paragraph 6 of RBI circular dated November 16, 2009, for any matches found.
Action required: Ensure the Compliance Officer/Principal Officer acknowledges receipt of this circular to the 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=6380&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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