RBI tells regulated entities to update UNSC ISIL/Al-Qaida sanctions removals
RBI-regulated sanctions teams must remove seven UNSC-delisted entries from controls
RBI
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Change
India's RBI notified regulated entities that seven entries were removed from the UNSC 1267/1989 ISIL and Al-Qaida sanctions list, ending the asset-freeze, travel-ban and arms-embargo measures for those names.
Why it matters
The update changes how RBI-regulated entities apply Section 51A UAPA and KYC screening obligations for the delisted names. Sanctions, AML and KYC teams must align watchlists and account controls with the UNSC removal rather than continuing restrictions against entries no longer covered by the UN measures.
Implications
- — Sanctions screening teams at RBI-regulated banks, NBFCs and payment banks must remove the seven delisted entries from UNSC 1267/1989 screening controls.
- — AML and KYC teams must stop applying Section 51A account prohibitions to relationships matched only to the seven removed ISIL/Al-Qaida entries.
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