What changed
The UN Security Council removed one individual, QDi.253 (Khalifa Muhammad Turki Al Subaiy), from its ISIL (Da'esh) & Al-Qaida Sanctions List as per press release SC/14622 dated September 6, 2021. RBI has communicated this deletion to all regulated entities, requiring them to update their compliance records accordingly.
What it means for you
Banks and other regulated entities must immediately unfreeze any assets or accounts belonging to this individual if they were previously frozen due to the sanctions list. This deletion does not affect other entries on the list; entities must continue to screen against the updated list. Failure to update records could lead to compliance gaps or customer grievances.
What you must do
- Update your AML/KYC screening systems to remove Khalifa Muhammad Turki Al Subaiy from the blocked list.
- Unfreeze any accounts or assets of this individual that were frozen under Section 51A of UAPA, 1967.
- Ensure your compliance team reviews the updated UNSC sanctions list available at the provided UN URLs.
- Forward any delisting requests from customers to Joint Secretary (CTCR), Ministry of Home Affairs as per MHA instructions.
Who it affects
All scheduled commercial banks, Non-banking financial companies (NBFCs), Payment system operators, Other regulated entities under RBI's AML/KYC framework
What should we do if we had frozen accounts for this individual?
You must immediately unfreeze those accounts and update your records, as the individual is no longer on the UN sanctions list. Ensure compliance with the RBI circular and maintain documentation of the action taken.
Where can we find the updated sanctions list?
The updated list is available on the UN Security Council website at https://www.un.org/securitycouncil/sanctions/1267/aq_sanctions_list and for Taliban-related entries at https://www.un.org/securitycouncil/sanctions/1988/materials.
How should we handle delisting requests from customers?
Forward any delisting requests electronically to Joint Secretary (CTCR), Ministry of Home Affairs. Individuals can also approach the UN Ombudsperson directly via https://www.un.org/securitycouncil/ombudsperson/application.