Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India :: list of goods taxed at 4% :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: cpt :: VAT Audit :: ACCOUNTING STANDARDS :: due date for vat payment :: form 3cd :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company :: TDS
 
 
« Latest Circulars »
 RBI Working Paper Series No. 5/2017: Comparison of Consumer and Wholesale Prices Indices in India: An Analysis of Properties and Sources of Divergence
 All Agency Banks and select offices of RBI to remain open on all days from March 25, 2017 to April 1, 2017
 RBI-Sources of Variation in Foreign Exchange Reserves in India during April-December 2016
 Developments in India’s Balance of Payments during the Third Quarter (October-December) of 2016-17
 RBI signs Memorandum of Understanding(MoU) on “Supervisory Cooperation and Exchange of Supervisory Information” with the Bank of Thailand
 RBI-Meeting Schedule of the Monetary Policy Committee for 2017-18
 RBI to conduct Overnight, 7 day and 14 day Variable rate Reverse Repo auctions under LAF on March 22, 2017
 Risk Management and Inter-bank Dealings: Operational flexibility for Indian subsidiaries of Non-resident Companies
 Master Directions on Issuance and Operation of Prepaid Payment Instruments in India
 RBI seeks comments on draft circular on Master Directions on Issuance and Operation of Pre-paid Payment Instruments (PPIs) in India
  Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2016-17)

Implementation of Section 51-A of Unlawful Activities Prevention Act (UAPA), 1967- Updates to Al-Qaida and Taliban Sanctions List
November, 19th 2015

RBI/2015-16/235
DBR. AML.No.6854/14.06.001/2015-16

November 18, 2015

The Chairpersons/ CEOs of all Scheduled Commercial Banks/ Regional Rural Banks/ Local Area Banks/ All India Financial Institutions/ all NBFCs/ All Primary (Urban) Co-operative Banks /State and Central Co-operative Banks (StCBs / CCBs) /All Payment System Providers/ System Participants and Prepaid Payment Instrument Issuers/ All authorised persons including those who are agents of Money Transfer Service Scheme

Dear Sir/ Madam,

Implementation of Section 51-A of Unlawful Activities Prevention Act (UAPA), 1967- Updates to Al-Qaida and Taliban Sanctions List

Please refer to our circular DBR. AML. No. 4897/ 14.06.001/ 2015-16 dated October 7, 2015 on the captioned subject releasing the update issued vide press release No.12066 dated September 30, 2015 and No. 12067 dated October 2, 2015 regarding UNSCR 1267(1999)/ 1989(2011) Committee's Al Qaida Sanctions List and another circular DBR. AML. No. 14900/ 14.06.001/ 2014-15 dated April 7, 2015 regarding the update issued on March 27, 2015 pertaining to 1988 Committee’s Taliban Sanctions List.

2. Ministry of External Affairs (MEA), UNP Division has now forwarded press releases No. SC/12082 dated October 14, 2015No. SC/12097 dated October 26, 2015 and No. SC/12118 dated November 12, 2015 relating to amendments/ deletions pertaining to Al Qaida sanction list and another press release No. SC/12104 dated November 2, 2015 relating to addition of one entry to its 1988 Sanction List pertaining to Taliban.

Press releases pertaining to the update are available at: 
Al Qaida: 
http://www.un.org/press/en/2015/sc12082.doc.htm
http://www.un.org/press/en/2015/sc12097.doc.htm
http://www.un.org/press/en/2015/sc12118.doc.htm
Taliban: http://www.un.org/press/en/2015/sc12104.doc.htm respectively

3. A link to updated list of individuals and entities linked to Al Qaida is available at:
https://www.un.org/sc/suborg/sites/www.un.org.sc.suborg/files/1267.pdf

and a link to updated list of individuals and entities linked to Taliban is available at:
https://www.un.org/sc/suborg/sites/www.un.org.sc.suborg/files/1988.pdf

4. Regulated Entities (REs) are required to update the list of individuals/entities as circulated by Reserve Bank and before opening any new account, it should be ensured that the name/s of the proposed customer does not appear in the list. Further, REs 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.

5. REs are advised to strictly follow the procedure laid down in the UAPA Order dated August 27, 2009 enclosed to our circular DBOD.AML.BC. No. 44/14.01.001/2009-10 dated September 17, 2009 and ensure meticulous compliance to the Order issued by the Government.

6. 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 are concerned, action should be taken as detailed in paragraph 6 of the circular dated September 17, 2009, mentioned above.

7. A link of press releases in which the relevant changes to the list are announced are posted on the UNSC Sanction Committee’s website at the following URL:

https://www.un.org/sc/suborg/en/sanctions/1267/press-releases and

https://www.un.org/sc/suborg/en/sanctions/1988/press-releases

Yours faithfully,

(Thomas Mathew)
General Manager
Encl.: as above

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Development Software Programming Software Engineering Custom Software Development Requirement Based Software Development Software Solutions Software Serv

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions