What changed
The UNSC 1267/1989 sanctions list deleted three entries: Al-Haramain Islamic Foundation (Bosnia), Al-Haramain Islamic Foundation (Somalia), and Al-Haramain Foundation (Indonesia). RBI has communicated this change to all regulated entities, requiring them to update their compliance checks accordingly.
What it means for you
Banks and other regulated entities must immediately remove these three entities from their internal sanctions screening lists and unfreeze any assets previously frozen due to their listing. However, entities must continue to monitor the UNSC list for any future changes and ensure strict compliance with UAPA Section 51A obligations.
What you must do
- Update your internal sanctions screening databases by removing the three deleted Al-Haramain entries.
- Unfreeze any accounts or assets of these entities if they were frozen solely due to this listing.
- Forward any delisting requests from individuals or entities to MHA's Joint Secretary (CTCR) as per existing instructions.
- Regularly check the UNSC sanctions list at the provided URLs for any future amendments.
Who it affects
All scheduled commercial banks, All non-banking financial companies (NBFCs), All other regulated entities under RBI's purview
What are the three entries deleted from the UNSC sanctions list?
The deleted entries are Al-Haramain Islamic Foundation (Bosnia), Al-Haramain Islamic Foundation (Somalia), and Al-Haramain Foundation (Indonesia).
What should we do if we have frozen assets for these entities?
You should unfreeze those assets immediately, as the UNSC has removed them from the sanctions list. Ensure your internal records are updated to reflect this change.
How do we handle delisting requests from other entities?
Forward any delisting requests to the Joint Secretary (CTCR), Ministry of Home Affairs, as per MHA instructions. Entities can also approach the UN Ombudsperson for delisting.