Current · Source: Reserve Bank of India · RBI/2011-12/118 · issued 22 Jul 2011 · ~1 min read
Quick answerRBI directs all NBFCs and RNBCs to update and screen customers against the UNSC 1267/1822 consolidated list of individuals/entities linked to Al-Qaida and Taliban, covering new and existing accounts.
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 internal systems with the latest UN list of terrorist individuals and entities.
Screen all new customer applications against the UN list before opening accounts.
Conduct a one-time scan of all existing accounts to identify any matches with listed individuals or entities.
Report any matches to the appropriate authorities as per regulatory guidelines.
How it plays out — a real example
An NBFC compliance officer in Indore, Mr. Kumar, ensures that all new customers are screened against the UN list before opening their accounts. He also conducts a one-time scan of all existing accounts to identify any matches with listed individuals or entities, and reports any matches to the appropriate authorities as per regulatory guidelines.
What changed
RBI issued a circular on July 22, 2011, referencing UN Security Council 1267 Committee notes from May 2011 that updated the consolidated list of terrorist individuals and organisations. All NBFCs and RNBCs are now required to ensure no new or existing accounts are linked to any entity on this list.
What it means for you
NBFCs and RNBCs must proactively screen all new account openings against the UN list and review existing accounts for matches. Non-compliance could lead to regulatory action, as this is a key anti-money laundering and counter-terrorism financing measure. Lenders need to integrate this screening into their KYC and ongoing due diligence processes.
What you must do
Update your internal systems with the latest UNSC 1267/1822 consolidated list from the UN website.
Screen all new customer applications against the list before opening accounts.
Conduct a one-time scan of all existing accounts to identify any matches with listed individuals or entities.
Report any matches to the appropriate authorities as per regulatory guidelines.
Who it affects
All Non-Banking Financial Companies (NBFCs), All Residuary Non-Banking Companies (RNBCs)
❓ Common questions
What is the UNSC 1267/1822 consolidated list?
It is a list maintained by the UN Security Council's 1267 Committee of individuals and entities associated with Al-Qaida and Taliban, updated periodically.
Do we need to check existing accounts or only new ones?
Both. The circular requires you to screen new accounts before opening and also scan all existing accounts to ensure no account is linked to any listed entity.
Where can we find the latest consolidated list?
The complete list is available on the UN website at http://www.un.org/sc/committees/1267/consolist.shtml.
📜 Read the original circular — full text as issued by RBI
RBI/2011-12/118
DNBS(PD).CC. No 239/03.10.42/2011-12
July 22, 2011
All Non Banking Financial Companies /
Residuary Non Banking Companies
Dear Sir,
List of Terrorist Individuals / Organisations- under UNSCR 1267 (1999) and 1822(2008) on Taliban /AL-Qaida Organisation
The Chairman of UN Security Council's 1267 Committee has issued notes on May 4, 2011 , May 11, 2011 , May 16, 2011 , May 27, 2011 regarding changes made in the consolidated List of Individuals and entities linked to Al-Qaida and Taliban (copies enclosed). All NBFCs and RNBCs are advised to update the consolidated list of individuals/entities. Before opening any new account, it should be ensured that the name/s of the proposed customer does not appear in the list. Further NBFCs and RNBCs 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.
The complete details of the consolidated list is available on the UN website:
http://www.un.org/sc/committees/1267/consolist.shtml
Yours faithfully,
(A. Mangalagiri)
General Manager
Encl:as above
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2011-12/118 · issued 22 Jul 2011. The plain-English explanation above is BankPulse’s own independent summary.
Update your internal systems with the latest UNSC 1267/1822 consolidated list from the UN website.
Screen all new customer applications against the list before opening accounts.
📜 Compliance
Conduct a one-time scan of all existing accounts to identify any matches with listed individuals or entities.
Report any matches to the appropriate authorities as per regulatory guidelines.
Grouped from the action items above — a single circular may involve more than one team.
Worked example & action-note template
Example: if you are an IT/Systems lead at a bank this circular applies to (All Non-Banking Financial Companies (NBFCs), All Residuary Non-Banking Companies (RNBCs)), your first concrete step on “NBFCs Must Screen Accounts Against UN Terror List” is: “Update your internal systems with the latest UNSC 1267/1822 consolidated list from the UN website.” (RBI issued this 22 Jul 2011).
Circular: RBI/2011-12/118 -- NBFCs Must Screen Accounts Against UN Terror List
Issued: 22 Jul 2011
Action required: Update your internal systems with the latest UNSC 1267/1822 consolidated list from the UN website.
Action required: Screen all new customer applications against the list before opening accounts.
Action required: Conduct a one-time scan of all existing accounts to identify any matches with listed individuals or entities.
Action required: Report any matches to the appropriate authorities as per regulatory guidelines.
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=6622&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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