The Chief Executive Officer of All Primary (Urban) Co-operative Banks
Implementation of Section 51-A of UAPA, 1967 - Updates of the UNSCR 1267 (1999) and 1989 (2011) Committee's Al Qaida Sanctions List Primary (Urban) Co-operative Banks
Please refer to ourcircular UBD.CO.BPD (PCB) Cir.No.37/14.01.062/2011-12 dated May 30, 2012. We have since received from Government of India, Ministry of External Affairs, UNP Division copies of notes forwarded 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 as detailed below:
2. Primary (Urban) Co-operative Banks 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, banks 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 bank accounts of the designated individuals/entities are concerned, action should be taken as detailed in paragraph 7 of the circular dated November 16, 2009 mentioned above.