Non Banking Financial Companies(NBFCs)

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Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1988(2011) Taliban sanctions list

RBI/2014-15/241
DNBS(PD).CC. No 409/03.10.42/2014-15

September 25, 2014

All NBFCs

Dear Sirs,

Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1988(2011) Taliban sanctions list

Please refer to our Circular DNBS(PD).CC. No 357/03.10.42/2013-14 dated October 3, 2013 on the captioned subject. We have since received from Government of India, Ministry of External Affairs, UNP Division, copy of press release regarding 4th update, dated July 31, 2014 (copy enclosed) & 5th update, dated August 21, 2014 regarding changes made in the “1988 Sanctions List”, i.e. list of Individuals and entities linked to Taliban.

2. The press releases concerning amendments to the list are available at http://www.un.org/sc/committees/1988/pressreleases.shtml and press release pertaining to 4th update is available at http://www.un.org/News/Press/docs//2014/sc11505.doc.htm & 5th update is available at http://www.un.org/News/Press/docs//2014/sc11530.doc.htm

The updated Taliban Sanctions list is also available:

a. in PDF format at http://www.un.org/sc/committees/1988/pdf/1988List.pdf

b. in XML format at http://www.un.org/sc/committees/1988/1988List.xml

c. in HTML format at http://www.un.org/sc/committees/1988/1988List.htm

3. NBFCs are required to update the list of individuals/entities as circulated by Reserve Bank and before opening any new account, it should be ensured that the name/s of the proposed customer does not appear in the list. Further, NBFCs should scan all existing accounts to ensure that no account is held by or linked to any of the entities or individuals included in the list.

4. The complete details of the said list are available on the UN website: http://www.un.org/sc/committees/1988/list.shtml

Yours faithfully,

(Sindhu Pancholy)
Deputy General Manager


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