RBI vide its Notification dated 27th April, 2023 issued to The Chairpersons/CEOs of all the Regulated Entities.
The notification state:
Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on May 10, 2021, in terms of which Regulated Entities (REs) must ensure that they do not have any account in the name of individuals/entities appearing in the lists of individuals and entities suspected of having terrorist links approved by the UNSC.
The Ministry of External Affairs (MEA) has informed about UNSC press release dated April 26, 2023 which approved the addition of two entries to its ISIL (Da’esh) and Al-Qaida Sanctions List of individuals and entities subject to the assets freeze, travel ban and arms embargo set out in paragraph 1 of Security Council resolution 2610 (2021) and adopted under Chapter VII of the Charter of the United Nations.
Press release regarding the above can be found in the given link mentioned in the circular. Further, the UNSC press releases concerning amendments to the list are also available in the given link mentioned in the circular. The details of the sanction measures and exemptions are available at the following URL
REs are advised to take appropriate action in accordance with section 51, 52 and 53 of the MD on KYC and to follow the procedure laid down in the UAPA Order dated Feb 02, 2021.
Updated lists of individuals and entities linked to ISIL (Da’esh), Al-Qaida and Taliban are available in the mentioned link.
The Ministry of Home Affairs (MHA) has instructed that any request for delisting received by any RE should be forwarded electronically to Joint Secretary (CTCR) MHA for consideration. Individuals, groups, undertakings or entities seeking to be removed from the Security Council’s ISIL and Al-Qaida Sanctions List can submit their request to an independent and impartial Ombudsperson appointed by the UN Secretary-General. More details are available at in the given link.
REs are advised to take note of the aforementioned UNSC communications and ensure meticulous compliance.
Link: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12496&Mode=0
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