RBI/2014-15/455
DCBR.BPD(PCB/RCB)Cir.No.15/14.01.062/2014-15

February 5, 2015

The Chief Executive Officer
All Primary (Urban) Co-operative Banks /
State and Central Co-operative Banks (StCBs / CCBs)

Madam / Dear Sir,

Implementation of Section 51-A of UAPA, 1967 – Updates of the UNSCR 1267(1999) /1989(2011) Committee’s Al-Qaida Sanctions List - Primary (Urban) Co-operative Banks (UCBs)/State and Central Co-operative Banks

Please refer to our circular DCBR.BPD (PCB/RCB) Cir.No.8/14.01.062/2014-15 dated January 7, 2015 on the captioned subject releasing the 1st update of 2015 regarding amendments made in the “Al-Qaida Sanctions List”.

2. Ministry of External Affairs (MEA), UNP Division have forwarded the 2nd update dated January 23, 2015 regarding addition of four entries to the sanction list (copy enclosed). Press release pertaining to 2nd update of 2015 is available at:
http://www.un.org/press/en/2015/sc11750.doc.htm

A link to updated list of individuals and entities linked to Al Qaida is available at:
http://www.un.org/sc/committees/1267/pdf/AQList.pdf

3. Primary (Urban) Cooperative Banks and State and Central Co-operative Banks are required to update the list of individuals/entities as circulated by Reserve Bank of India and before opening any new account, it should be ensured that the names 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. Banks are advised to strictly follow the procedure laid down in the UAPA Order dated August 27, 2009 enclosed to our circulars UBD.CO.BPD. PCB. Cir. No. 21/12.05.001/2009-10 dated November 16, 2009 and RPCD.CO.RF.AML.BC.No.34/07.40.00/2009-10 dated October 29, 2009 and ensure meticulous compliance to the Order issued by the Government.

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 is concerned, action should be taken as detailed in paragraph 7 of the circular dated November 16, 2009 in respect of UCBs and paragraph 4 of the circular dated October 29, 2009 in respect of StCBs and CCBs.

6. A link of press releases in which the relevant changes to the list are announced are posted on the Committee’s website at the following URL:
http://www.un.org/sc/committees/1267/pressreleases.shtml

7. UCBs/ StCBs / CCBs should acknowledge the receipt of this circular to the Regional Office concerned.

Yours faithfully,

(P.K.Arora)
General Manager

Encls.: As above.