Page 53 - Banking Finance June 2020

RBI CIRCULAR

of a few areas detailed in the Annex. the list are available at URL: https://www.un.org/press/

3. This directive is issued under Section 10(2) read with en/2020/sc14195.doc.htm
Section 18 of the Payment and Settlement Systems Act, 3. Updated list of individuals and entities linked to ISIL
2007 (Act 51 of 2007). (Da'esh), Al-Qaida and Taliban are available at:
http://www.un.org/securitycouncil/sanctions/1267/
(P Vasudevan) aq_sanctions_list
Chief General Manager
https://www.un.org/securitycouncil/sanctions/1988/
materials
Implementation of Section 51A of UAPA,
4. As per the instructions from the Ministry of Home
1967 - Updates to UNSC’s 1267/ 1989 ISIL Affairs (MHA), any request for delisting received by any
(Da'esh) & Al-Qaida Sanctions List - Regulated Entity (RE) is to be forwarded electronically
to Joint Secretary (CTCR), MHA for consideration.
Addition of one individual
Individuals, groups, undertakings or entities seeking to
RBI/2019-20/252 be removed from the Security Council’s ISIL (Da'esh)
and Al-Qaida Sanctions List can submit their request for
June 08, 2020
delisting to an independent and impartial
Ombudsperson who has been appointed by the United
1. Please refer to Section 51 of our Master Direction on
Know Your Customer dated February 25, 2016 as Nations Secretary-General. More details are available
at the following URL: https://www.un.org/
amended on April 20, 2020, in terms of which
securitycouncil/ombudsperson/application
“Regulated Entities (REs) shall ensure that in terms of
Section 51A of the Unlawful Activities (Prevention) 5. In view of the above, REs are advised to take note of
(UAPA) Act, 1967, they do not have any account in the the aforementioned UNSC communication and ensure
name of individuals/entities appearing in the lists of meticulous compliance.
individuals and entities, suspected of having terrorist
links, which are approved by and periodically circulated (Dr. S. K. Kar)
by the United Nations Security Council (UNSC).” Chief General Manager
2. In this regard, Ministry of External Affairs (MEA) has
now forwarded the following Press Release issued by Assignment of Risk Weights on Credit
the United Nations Security Council (UNSC) Committee Facilities (Guaranteed Emergency Credit
established pursuant to Resolutions 1267 (1999), 1989
(2011) and 2253 (2015) concerning ISIL (Da’esh), Al- Line) under the Emergency Credit Line
Qaida, and associated individuals, groups, undertakings Guarantee Scheme
and entities regarding changes in the List of individuals
RBI/2019-20/255
and entities subject to the assets freeze, travel ban and
arms embargo set out in paragraph 1 of UNSC June 21, 2020
resolution 2368 (2017), and adopted under Chapter VII
of the Charter of the United Nations. Please refer to circular Ref no. 2842/NCGTC/ECLGS dated
May 23, 2020 issued by National Credit Guarantee Trustee
Note SC/14195 dated 21 May 2020 regarding addition
Company (NCGTC) in respect of the captioned scheme
of a Iraqi individual [QDi.426 Name: 1: Amir 2:
announced by the Government of India to extend
Muhammad Sa’id 3: Abdal-Rahman 4: al-Mawla] in
guaranteed emergency credit line to MSME borrowers. As
UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions
credit facilities extended under the scheme guaranteed by
List.
NCGTC are backed by an unconditional and irrevocable
The UNSC press release(s) concerning amendments to
guarantee provided by Government of India, it has been
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