CEOs of all the Payment System Operators Authorised under the PSS Act, 2007
Implementation of Section 51-A of UAPA, 1967 - Updates of the UNSCR 1267 (1999) and 1989 (2011) Committee's Al Qaida Sanctions List
Please refer to ourcircular DPSS.CO.AD.No 2058 /02.27.005/2011-12 dated May 9, 2012. We have since received from Government of India, Ministry of External Affairs, UNP Divisioncopies of notes dated April 30, 2012,May 3, 2012,May 7, 2012,May 9, 2012,May 10, 2012andMay 18, 2012forwarded by the Chairman of UN Security Council's 1267/1989 Committee (copies enclosed) regarding changes made in the Al-Qaida Sanctions List, i.e. list of Individuals and entities linked to Al-Qaida. 2. All the Payment System Operators (PSOs) 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, PSOs 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.
4. 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.