HomeCirculars › RBI/2011-12/128

UN Terror List Update for Co-op Banks: Al-Qaida/Taliban

Current · Source: Reserve Bank of India · RBI/2011-12/128 · issued 26 Jul 2011 · ~2 min read
Quick answerRBI directs StCBs/DCCBs to update UNSCR 1267/1822 consolidated list of terrorist individuals/entities linked to Al-Qaida and Taliban. Banks must screen new and existing accounts against this list 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
How it plays out — a real example

Rahul, a compliance officer at a District Central Co-operative Bank in Mumbai, ensures that all new account applications are screened against the updated UN consolidated list before onboarding. He also conducts a fresh scan of all existing accounts to identify any matches with the revised list. If a match is found, Rahul immediately freezes the funds/assets and reports to the RBI Regional Office, following the strict procedures under the UAPA Order.

What changed

RBI forwarded a July 19, 2011 UN Security Council 1267 Committee note with changes to the consolidated list of individuals/entities linked to Al-Qaida and Taliban. This updates the previous list circulated via circular dated July 4, 2011. Banks must now use this revised list for compliance.

What it means for you

Co-operative banks must immediately update their internal screening databases with the revised UN consolidated list. Failure to screen new accounts or review existing ones against this list could lead to regulatory action. The circular reinforces the strict freezing procedures under the UAPA Order of August 27, 2009.

What you must do

Who it affects

State Co-operative Banks (StCBs), District Central Co-operative Banks (DCCBs), Compliance Officers / Principal Officers of co-operative banks

❓ Common questions

Where can I find the latest consolidated list of terrorist individuals/entities?

The complete consolidated list is available on the UN website at http://www.un.org/sc/committees/1267/consolist.shtml. RBI has also enclosed the changes in the circular.

What action is required if an existing account matches a name on the list?

You must immediately freeze the funds, financial assets, or economic resources in that account, following the procedure detailed in paragraph 6 of RBI circular dated October 29, 2009, and comply with the UAPA Order.

Do I need to acknowledge receipt of this circular?

Yes, the Compliance Officer/Principal Officer must send an acknowledgment to the concerned RBI Regional Office.

📜 Read the original circular — full text as issued by RBI
RBI/2011-12/128 RPCD.CO.RCB.AML.No.987/07.02.12/2011-12 July 26, 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.53/07.02.12/2011-12 dated July 4, 2011 . We have since received from Government of India (Ministry of External Affairs) copy of note dated July 19, 2011 forwarded by the Chairman of UN Security Council's 1267 Committee ( copy enclosed ) regarding changes made in the Consolidated List of Individuals and entities linked to Al-Qaida and Taliban. 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, (C.D.Srinivasan) Chief General Manager Encl: As above
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2011-12/128 · issued 26 Jul 2011. The plain-English explanation above is BankPulse’s own independent summary.
🧰 Tools — save, print, templates & related
Who does what — compliance checklist
💻 IT / Systems
  • Update your internal AML/KYC systems with the latest consolidated list from the UN website (http://www.un.org/sc/committees/1267/consolist.shtml).
  • Screen all new account applications against the updated list before onboarding.
📜 Compliance
  • Conduct a fresh scan of all existing accounts to identify any matches with the revised list.
  • If a match is found, immediately freeze funds/assets as per paragraph 6 of the October 29, 2009 circular and report to RBI Regional Office.
  • Ensure Compliance Officer/Principal Officer acknowledges receipt of this circular to the concerned 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 an IT/Systems lead at a bank this circular applies to (State Co-operative Banks (StCBs), District Central Co-operative Banks (DCCBs), Compliance Officers / Principal Officers of co-operative banks), your first concrete step on “UN Terror List Update for Co-op Banks: Al-Qaida/Taliban” is: “Update your internal AML/KYC systems with the latest consolidated list from the UN website (http://www.un.org/sc/committees/1267/consolist.shtml).” (RBI issued this 26 Jul 2011).

  1. Circular: RBI/2011-12/128 -- UN Terror List Update for Co-op Banks: Al-Qaida/Taliban
  2. Issued: 26 Jul 2011
  3. Action required: Update your internal AML/KYC systems with the latest consolidated list from the UN website (http://www.un.org/sc/committees/1267/consolist.shtml).
  4. Action required: Screen all new account applications against the updated list before onboarding.
  5. Action required: Conduct a fresh scan of all existing accounts to identify any matches with the revised list.
  6. Action required: If a match is found, immediately freeze funds/assets as per paragraph 6 of the October 29, 2009 circular and report to RBI Regional Office.
  7. Action required: Ensure Compliance Officer/Principal Officer acknowledges receipt of this circular to the concerned RBI Regional Office.
  8. Owner: ____________ Target date: ____________
  9. Board/committee approval needed? Y / N
  10. 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.

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Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=6636&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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