Page 52 - Banking Finance October 2015
P. 52
RBI CIRCULAR
RBI CIRCULAR
Implementation of Section 51-A of circular DBOD.AML.BC. No. 44/14.01.001/2009-10 dated
Unlawful Activities Prevention Act September 17, 2009 and ensure meticulous compliance to
(UAPA), 1967- 21st Update dated the Order issued by the Government.
September 3, 2015 of Al-Qaida 5. As far as freezing of funds, financial assets or economic
Sanctions List resources or related services held in the form of bank accounts
of the designated individuals/entities are concerned, action
RBI/2015-16/171 should be taken as detailed in paragraph 6 of the circular dated
September 17, 2009, mentioned above.
DBR.AML.No.3441/14.06.001/2015-16
Yours faithfully,
September 7, 2015 (Thomas Mathew)
General Manager
Dear Sir/ Madam,
Implementation of Section 51-A of Unlawful Activities Deferred Payment Protocols dated April
Prevention Act (UAPA), 1967- 21st update dated September 30, 1981 and December 23, 1985
3, 2015 of Al-Qaida Sanctions List between Government of India and
erstwhile USSR
1. Please refer to our circular DBR. AML. No. 2723/
14.06.001/2015-16 dated August 24, 2015 on the captioned RBI/2015-16/169
subject releasing the 19th and 20th updates dated August A.P. (DIR Series) Circular No.10
17, and August 18, 2015 regarding UNSCR 1267(1999)/ September 03, 2015
1989(2011) Committee's Al Qaida Sanctions List.
To
2. Ministry of External Affairs (MEA), UNP Division has All Category - I Authorised Dealer Banks
forwarded press release dated September 3, 2015
regarding 21st update relating to addition of one entry to Madam / Sir,
Al Qaida Sanction List issued by the United Nations Security 1. Deferred Payment Protocols dated April 30, 1981 and
Council (UNSC) Committee established pursuant to December 23, 1985 between Government of India and
Resolutions 1267 (1999) and 1989 (2011). erstwhile USSR Attention of Authorised Dealer Category-I
(AD Category-I) banks is invited to A.P. (DIR Series) Circular
3. Regulated Entities (REs) are required to update the list No. 105 dated May 28, 2015 wherein the Rupee value of
of individuals/entities as circulated by Reserve Bank and the Special Currency Basket was indicated as Rs.
before opening any new account, it should be ensured that 77.6331180 effective from May 06, 2015.
the name/s of the proposed customer does not appear in
the list. Further, banks should scan all existing accounts to 2. AD Category-I banks are advised that a further revision
ensure that no account is held by or linked to any of the has taken place on August 24, 2015 and accordingly, the
entities or individuals included in the list. Rupee value of the Special Currency Basket has been fixed
at Rs.81.3268160 with effect from August 27, 2015.
4. REs are advised to strictly follow the procedure laid down
in the UAPA Order dated August 27, 2009 enclosed to our
52 | 2015 | OCTOBER | BANKING FINANCE
Copyright@ The Insurance Times. 09883398055 / 09883380339
