UCBs Must Update Al-Qaida Sanctions List for Q3 2013

RBI/2013-14/404 UBD.BPD (PCB) Cir.No.43/14.01.062/2013-14 December 6, 2013 The Chief Executive Officer All Primary (Urban) Co-operative Banks Madam / Dear Sir, Implementation of Section 51-A of UAPA, 1967 – Updates of the UNSCR 1267(1999) /1989(2011) Committee’s Al-Qaida Sanctions List - Primary (Urban) Co-operative Banks (UCBs) Please refer to our circular UBD.BPD.(PCB). Cir. No. 26/14.01.062/2013-14 dated October 3, 2013 on the captioned subject releasing 23rd update.  We have since received from UNP Division, Ministry of External Affairs, Government of India a PDF document containing a hard copy of the compilation of all amendments made to the List in the third quarter of 2013 i.e., July 1, 2013 to September 30, 2013 ( copy enclosed ), forwarded by the Chairman of UN Security Council's 1267/1989 Committee regarding amendments made in the “Al-Qaida Sanctions List”, i.e. list of individuals and entities linked to Al-Qaida and copies of Press releases of twenty-fourth to thirtieth update notes. 2. Primary (Urban) Cooperative Banks are required to update the list of individuals/entities as circulated by Reserve Bank of India and before opening any new account, it should be ensured that the name 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 . UCBs 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 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 is concerned, action should be taken as detailed in paragraph 7 of the circular dated November 16, 2009 mentioned above. 5. A link of press releases in which the relevant changes to the list are announced are posted on the Committee’s website at the following URL: http://www.un.org/sc/committees/1267/pressreleases.shtml The names of individuals and entities removed from the List pursuant to a decision by the 1267 Committee and other information about de-listing may be found on the Committee's website at: http://www.un.org/sc/committees/1267/delisting.shtml 6. Compliance Officer/Principal Officer should acknowledge receipt of this circular to the Regional Office concerned. Yours faithfully, (Scenta Joy) Deputy General Manager Encls.: As above.

Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2013-14/404 · issued 06 Dec 2013. The plain-English explanation above is BankPulse’s own independent summary.

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