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 and authorised persons who are agents of Money Transfer Service Scheme
Dear Sir/ Madam,
Implementation of Section 51-A of UAPA, 1967-11th Update Now Available and Re-numbering of Previous Updates
Please refer to various circulars issued by the Reserve Bank on the captioned subject releasing the 8th update dated March 23, 2015, 10th update dated March 31, 2015, 11th update dated April 7, 2015 and 12th update dated April 10, 2015 regarding UNSCR 1267(1999)/ 1989(2011) Committee's Al Qaida Sanctions List.
2. Ministry of External Affairs (MEA), UNP Division has advised that updates mentioned above have been re-numbered. Accordingly, the details of the revised press releases are as follows:
3. 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. As far as freezing of funds, financial assets or economic resources or related services held in the form of 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.