RBI-Implementation of Section 51-A of Unlawful Activities Prevention Act (UAPA), 1967-15th Update of Al-Qaida Sanctions List
July, 04th 2015
July 3, 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), 1967-15th Update of Al-Qaida Sanctions List
2. Ministry of External Affairs (MEA), UNP Division has forwarded the 15th update dated June 26, 2015 regarding amendment to eight entries from the sanction list (copy enclosed). Press release pertaining to the 15th update of June 26, 2015 is available at: http://www.un.org/press/en/2015/sc11948.doc.htm.
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, 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.
5. 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.