Current · Source: Reserve Bank of India · RBI/2022-2023/96 · issued 29 Jul 2022 · ~2 min read
Quick answerRBI directs all regulated entities to note UNSC's July 26, 2022 amendments to 44 existing entries on the DPRK sanctions list, covering details like addresses and aliases. Entities must update their compliance checks and refer to the MEA website for the revised list.
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 sanctions screening systems with the 44 amended entries from the UNSC's consolidated list.
Verify the updated list daily on the MEA website's 'Implementation of UNSC Sanctions (DPRK)' page.
Ensure all customer due diligence processes reflect the latest changes to avoid processing transactions for sanctioned entities.
How it plays out — a real example
A payments & clearing officer in Indore must update their sanctions screening database with the 44 amended entries to ensure they don't process transactions for entities with updated addresses, aliases, or other details. They must verify the list daily on the MEA website to stay compliant with the 'Implementation of Security Council Resolution on DPRK Order, 2017'.
What changed
The UNSC 1718 Sanctions Committee amended 44 existing entries on its DPRK sanctions list on July 26, 2022. Changes involve updates to address, alias, passport number, date of birth, telephone, fax, email, and IMO number of listed individuals and entities. No new additions or deletions were made; only existing entries were modified.
What it means for you
Banks and other regulated entities must immediately update their sanctions screening databases to reflect these 44 amended entries. Failure to align with the latest list could lead to compliance breaches under the 'Implementation of Security Council Resolution on DPRK Order, 2017'. This reinforces the need for daily verification of the MEA's UNSC sanctions webpage.
What you must do
Update your sanctions screening systems with the 44 amended entries from the enclosed consolidated list.
Verify the updated list daily on the MEA website's 'Implementation of UNSC Sanctions (DPRK)' page.
Ensure all customer due diligence processes reflect the latest changes to avoid processing transactions for sanctioned entities.
Brief compliance and operations teams on the nature of amendments (address, alias, passport, etc.) for accurate screening.
Who it affects
All regulated entities (banks, NBFCs, payment systems), Compliance and AML teams, Operations teams handling cross-border transactions, Sanctions screening software vendors
❓ Common questions
What specific changes were made to the 44 entries?
The amendments only update existing entries—no new individuals or entities were added or removed. Changes include corrections to address, alias, passport number, date of birth, telephone, fax, email, and IMO number.
How often should we check the sanctions list?
RBI requires daily verification of the UNSCR 1718 Sanctions List on the MEA website to stay updated on any modifications, including these amendments.
What happens if we don't update our systems?
Non-compliance could result in regulatory action under the DPRK sanctions order, including penalties. It also risks processing transactions for sanctioned entities, which is a serious AML violation.
📜 Read the original circular — full text as issued by RBI
RBI/2022-2023/96
DOR.AML.REC.57/14.06.001/2022-23
July 29, 2022
The Chairpersons/ CEOs of all the Regulated Entities
Madam/Dear Sir,
United Nations Security Council Resolutions (UNSCR) 1718 Sanctions Committee on Democratic People’s Republic of Korea (DPRK) amends 44 existing entries on its Sanctions List
Please refer to our circular DoR.AML.REC.03/14.06.001/2021-22 dated April 08, 2021 advising Regulated Entities (REs) to adhere to the ‘Implementation of Security Council Resolution on Democratic People’s Republic of Korea Order, 2017’ as amended from time to time by the Central Government and also verify every day, the ‘UNSCR 1718 Sanctions List of Designated Individuals and Entities‘, as hyperlinked in ‘Implementation of UNSC Sanctions (DPRK)‘ webpage of the Ministry of External Affairs (MEA) website at https://www.mea.gov.in/Implementation-of-UNSC-Sanctions-DPRK.htm to take note of the modifications to the list in terms of additions, deletions or other changes.
2. In this connection, Ministry of External Affairs (MEA) has informed that on July 26, 2022, the Committee established pursuant to UNSC Resolution has enacted the amendments to 44 entries on its Sanction List of individuals and entities. The changes have been made only in the existing entries of this Sanction List and pertains to address, alias, passport no, date of birth, telephone, fax, email, IMO number, etc. of individuals / entities. The updated consolidated Sanctions List of individuals and entities is enclosed .
3. REs are advised to take note of the aforementioned instructions regarding Security Council Resolution on DPRK and ensure meticulous compliance.
Yours faithfully,
(Santosh Kumar Panigrahy)
Chief General Manager
Enclosure - As above
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2022-2023/96 · issued 29 Jul 2022. The plain-English explanation above is BankPulse’s own independent summary.
Brief compliance and operations teams on the nature of amendments (address, alias, passport, etc.) for accurate screening.
💻 IT / Systems
Update your sanctions screening systems with the 44 amended entries from the enclosed consolidated list.
📜 Compliance
Verify the updated list daily on the MEA website's 'Implementation of UNSC Sanctions (DPRK)' page.
Ensure all customer due diligence processes reflect the latest changes to avoid processing transactions for sanctioned entities.
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 regulated entities (banks, NBFCs, payment systems), Compliance and AML teams, Operations teams handling cross-border transactions, Sanctions screening software vendors), your first concrete step on “UNSC Updates DPRK Sanctions List: 44 Entries Amended” is: “Update your sanctions screening systems with the 44 amended entries from the enclosed consolidated list.” (RBI issued this 29 Jul 2022).
Action required: Update your sanctions screening systems with the 44 amended entries from the enclosed consolidated list.
Action required: Verify the updated list daily on the MEA website's 'Implementation of UNSC Sanctions (DPRK)' page.
Action required: Ensure all customer due diligence processes reflect the latest changes to avoid processing transactions for sanctioned entities.
Action required: Brief compliance and operations teams on the nature of amendments (address, alias, passport, etc.) for accurate screening.
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=12364&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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