What changed
The UNSC 1988 Committee amended four entries on the Taliban Sanctions List via press release SC/16336 dated April 13, 2026. RBI circular DOR.AML.REC.2/14.06.001/2026-27 (April 15, 2026) directs all regulated entities to implement these changes under Section 51A of UAPA, 1967, referencing the KYC Directions, 2025 (dated November 28, 2025, amended as on December 29, 2025).
What it means for you
Banks and lenders must immediately screen their customer databases against the updated list and freeze accounts/assets of any matched individuals/entities. Non-compliance risks regulatory action under UAPA and RBI KYC Directions. This is a recurring obligation—entities must monitor UNSC updates continuously.
What you must do
- Cross-check all customer records against the amended UNSC 1988 Taliban Sanctions List entries (TAi.002, TAi.024, TAi.026, TAi.147; verify full list from UNSC press release).
- Freeze accounts, block transactions, and report any matches to FIU-IND and the nodal officer within 24 hours.
- Update internal AML/KYC systems and watchlists to reflect the April 13, 2026 amendments.
- Ensure board-approved policy covers timely implementation of UNSC sanctions updates without delay.
Who it affects
Commercial Banks, Small Finance Banks, Payment Banks, Urban Co-operative Banks, Rural Co-operative Banks, Regional Rural Banks, Local Area Banks, Non-Banking Financial Companies, Asset Reconstruction Companies, All India Financial Institutions
What is the deadline for implementing these UNSC list amendments?
The circular is effective from April 15, 2026. Regulated entities must act immediately—no grace period is provided. Delays may attract penalties under UAPA and RBI KYC Directions.
Do we need to report matches to anyone besides freezing assets?
Yes. Report any matches to the Financial Intelligence Unit-India (FIU-IND) and the designated nodal officer, as per Section 51A of UAPA and RBI KYC Directions, 2025.
Are only the two individuals listed in the circular affected?
No. The circular mentions four entries were amended (TAi.002, TAi.024, TAi.026, TAi.147). The source text provides details for all four; you must obtain the full updated list from the UNSC press release or MEA communication.