What changed
The UNSC's 1988 (2011) Taliban Sanctions List has been amended with 3 entries: 2 individuals (Khalil Ahmed Haqqani and Abdul Rauf Zakir) and 1 entity (Haji Khairullah Haji Sattar Money Exchange). RBI has reminded regulated entities to comply with Section 51A of UAPA, 1967.
What it means for you
Regulated entities must ensure they do not have any accounts in the name of these individuals and entity, as per Section 51A of the Unlawful Activities (Prevention) Act, 1967, to prevent terrorist financing and comply with UNSC resolutions.
What you must do
- Ensure no accounts are held in the names of the 2 individuals and 1 entity listed in the amendment
- Comply with Section 51A of the Unlawful Activities (Prevention) Act, 1967
Who it affects
Commercial Banks, Small Finance Banks, Payment Banks, Urban Co-operative Banks, Rural Co-operative Banks, Regional Rural Banks, Local Area Banks, Non-Banking Financial Companies, Asset Reconstruction Companies, All India Financial Institutions
What is the UNSC's 1988 (2011) Taliban Sanctions List?
The UNSC's 1988 (2011) Taliban Sanctions List is a list of individuals and entities associated with the Taliban, subject to assets freeze, travel ban, and arms embargo.
What are the 3 entries amended in the list?
The 3 entries are: individuals Khalil Ahmed Haqqani and Abdul Rauf Zakir, and entity Haji Khairullah Haji Sattar Money Exchange.