Page 60 - Banking Finance April 2023

RBI CIRCULAR

periodically circulated by the United Nations Security UNSC communications and ensure meticulous
Council (UNSC).” compliance.
2. In this connection, Ministry of External Affairs (MEA)
has informed about UNSC press release SC/15229 dated Reporting and Accounting of Central
March 15, 2023 wherein the Security Council Government transactions for March 2023
Committee approved amendment to 102 entries
March 16, 2023
(attached in Annex) on its ISIL (Da’esh) and Al-Qaida
Sanctions List of individuals and entities subject to the
1. Please refer to Circular DGBA.GBD.No.S1422/42-01-
assets freeze, travel ban and arms embargo set out in
029/2021-2022 dated February 24, 2022 advising the
paragraph 1 of Security Council resolution 2610 (2021),
procedure to be followed for reporting and accounting
and these entries were amended following the 2021 of Central Government transactions (including CBDT,
Annual Review conducted in accordance with CBIC, Departmentalized Ministries and Non-Civil
paragraphs 90 and 91 of resolution 2610 (2021). Ministries) at the Receiving/Nodal/Focal Point branches
of your bank for the Financial Year 2021-22.
3. The UNSC press release concerning amendments to the
list is available at URL: https://www.un.org/ 2. The Government of India has decided that the date of
securitycouncil/sanctions/1267/press-releases closure of residual transactions for the month of March
2023 be fixed as April 10, 2023. In view of the ensuing
4. The details of the sanction measures and exemptions
closing of Government accounts for the financial year
are available at the following URL: https://
2022-23, receiving branches including those not
ww w. u n . o r g / s e c u r i t yco u n c i l /s a n c t i o n s /
situated locally, should adopt special arrangements such
1267#further_information
as courier service etc., for passing on challans/scrolls
5. In view of the above, REs are advised to take etc., to the Nodal/Focal Point branches so that all
appropriate action in terms of sections 51, 52 and 53 payments and collections made on behalf of
of the MD on KYC and strictly follow the procedure laid Government towards the end of March are accounted
down in the UAPA Order dated February 2, 2021 for in the same financial year. These instructions
annexed to the MD on KYC. regarding special messenger arrangements may please
be informed to all branches concerned.
6. Updated lists of individuals and entities linked to ISIL
(Da'esh), Al-Qaida and Taliban are available at: 3. As regards reporting of March 2023 transactions by
Nodal/Focal Point branches in April 2023, the branches
www.un.org/securitycouncil/sanctions/1267/
may be advised to follow the procedure as outlined in
aq_sanctions_list
the Annex. To sum up, the nodal/Focal Point branches
https://www.un.org/securitycouncil/sanctions/1988/ will be required to prepare separate set of scrolls, one
materials pertaining to March 2023 residual transactions and
another for April transactions during the first 10 days
7. Further, as per the instructions from the Ministry of
of April 2023. The Nodal/Focal Point branches should
Home Affairs (MHA), any request for delisting received
also ensure that the accounts for all transactions
by any RE is to be forwarded electronically to Joint
(revenues/tax collections/payments) are effected at the
Secretary (CTCR), MHA for consideration. Individuals,
receiving branches up to March 31, 2023 in the
groups, undertakings or entities seeking to be removed
accounts for the current financial year itself and are
from the Security Council’s ISIL (Da'esh) and Al-Qaida
not mixed up with the transactions of April 2023. Also,
Sanctions List can submit their request for delisting to
while reporting transactions pertaining to March 2023
an independent and impartial Ombudsperson who has
up to April 10, 2023, the transactions of April 2023
been appointed by the United Nations Secretary-
should not be mixed up with the residual transactions
General. More details are available at the following
relating to March 2023.
URL: https://www.un.org/securitycouncil/
4. Kindly issue necessary instructions in the matter to your
ombudsperson/application
branches concerned immediately.
8. REs are advised to take note of the aforementioned
54 | 2023 | APRIL | BANKING FINANCE