IMPLEMENTATION OF SECTION 51A OF UAPA, 1967: UPDATES TO UNSC'S 1267/1989 ISIL (DA'ESH) & AL-QAIDA SANCTIONS LIST: AMENDMENTS IN 01 ENTRY

MUMBAI, India, Feb. 27 -- Reserve Bank of India issued the following notification:

RBI/2024-25/121

DOR.AML.REC.64/14.06.001/2024-25

February 27, 2025

The Chairpersons/CEOs of all the Regulated Entities

Madam/Dear Sir,

Implementation of Section 51A of UAPA, 1967: Updates to UNSC's 1267/1989 ISIL (Da'esh) & Al-Qaida Sanctions List: Amendments in 01 Entry

Please refer to paragraph 51 of the RBI's Master Direction on Know Your Customer dated February 25, 2016 as amended on November 06, 2024 (MD on KYC), in terms of which "Regulated Entities (REs) shall ensure that in terms of Section 51A of the Unlawful Activities (Prevention) (UAPA) Act, 1967 and amendments thereto, they do not have any account in the name of individuals/entities appear...