Page 53 - Banking Finance August 2023

RBI CIRCULAR

RBI

CIRCULAR

Implementation of Section 12A of the 4. The latest version of the UNSC Sanctions lists on DPRK
& Iran are accessible on the UN Security Council’s
Weapons of Mass Destruction and their
website at the following URLs:
Delivery Systems (Prohibition of Unlawful
https://www.un.org/securitycouncil/sanctions/1718
Activities) Act, 2005: Designated List https://www.un.org/securitycouncil/content/2231/list
(Amendments) 5. The REs are advised to take note of the
aforementioned communications and ensure
July 04, 2023
meticulous compliance.
1. Please refer to Section 52 and Section 53 of our Master
Direction on Know Your Customer dated February 25, Implementation of Section 51A of
2016 as amended on May 04, 2023 (MD on KYC), in UAPA,1967: Updates to UNSC’s 1267/ 1989
terms of which “REs shall ensure meticulous compliance
ISIL (Da'esh) & Al-Qaida Sanctions List:
with the “Procedure for Implementation of Section 12A
of the Weapons of Mass Destruction (WMD) and their Amendments in 02 Entries
Delivery Systems (Prohibition of Unlawful Activities)
July 24, 2023
Act, 2005” laid down in terms of Section 12A of the
WMD Act, 2005 vide Order dated January 30, 2023,
1. Please refer to Section 51 of our Master Direction on
by the Ministry of Finance, Government of India (Annex
Know Your Customer dated February 25, 2016 as
III of the Master Direction on Know Your Customer).”
amended on May 04, 2023 (MD on KYC), in terms of
2. In this connection, a reference is invited to our circular which “Regulated Entities (REs) shall ensure that in
DOR.AML.REC.23/14.06.001/2023-24 dated July 04, terms of Section 51A of the Unlawful Activities
2023, communicating thereby the Consolidated Lists of (Prevention) (UAPA) Act, 1967 and amendments
UNSC Designated / Sanctioned Individuals and Entities thereto, they do not have any account in the name of
under the UNSC Resolutions relating to non-proliferation. individuals/entities appearing in the lists of individuals
and entities, suspected of having terrorist links, which
3. In this regard, Ministry of External Affairs (MEA), GoI
are approved by and periodically circulated by the
has informed that the UNSC Committee established
United Nations Security Council (UNSC).”
pursuant to resolution 1718(2006) enacted the
amendments specified with strikethrough and/or 2. In this connection, Ministry of External Affairs (MEA),
underline in certain entries on its Sanctions List of Government of India has informed about the UNSC
individuals and entities (enclosed with this circular). press release SC/15363 dated July 21, 2023 wherein the
Hence, the ‘designated list’ as referred in Para 2.1 and Security Council Committee pursuant to resolutions
other relevant paras of the aforementioned Order 1267 (1999), 1989 (2011) and 2253 (2015) concerning
dated January 30, 2023 is amended in accordance with ISIL (Da’esh), Al-Qaida and associated individuals,
the changes in these relevant entries. groups, undertakings and entities enacted the

BANKING FINANCE | AUGUST | 2023 | 53