Implementation of Section 51A of UAPA, 1967 – Updates to UNSC 1267/1989 Sanctions List (Amendments to 85 entries)

Feb 08, 2024                                                                     

Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL (Da’esh) & Al-Qaida Sanctions List: Amendment in 85 entries

1. Clause 51 of the SEBI Master Circular Guidelines on Anti-Money Laundering (AML) Standards and Combating the Financing of Terrorism (CFT) / Obligations of Securities Market Intermediaries under the Prevention of Money Laundering Act, 2002 and rules framed there under dated Feb 03, 2023 inter-alia states that registered intermediaries should ensure that accounts are not opened in the name of anyone whose name appears in updated list of individuals and entities which are subject to various sanction measures such as freezing of assets/accounts, denial of financial services etc., as approved by the Security Council Committee established pursuant to various United Nations’ Security Council Resolutions (UNSCRs). Registered intermediaries shall continuously 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.

2. In this regard, United Nations Security Council (UNSC) Committee established pursuant to Resolutions 1267 (1999), 1989 (2011) and 2253 (2015) concerning ISIL (Da’esh), Al-Qaida, and associated individuals, groups, undertakings and entities below on the Sanctions List of individuals and entities subject to the assets freeze, travel ban, and arms embargo set out in paragraph 1 of Security Council resolution 2610 (2021) has issued the following notification.

2.1. Note SC/15581 dated Feb 07, 2024 regarding the amendment in 85 entries in UNSC’s 1267/1989 ISIL (Da’esh) & Al-Qaida Sanctions list (Annex-1). The notification can be accessed at the following URL: https://press.un.org/en/2024/sc15581.doc.htm

3. An updated list of individuals and entities which are subject to various sanction measures such as freezing of assets/accounts, denial of financial services etc., as approved by the Security Council Committee established pursuant to various United Nations’ Security Council Resolutions (UNSCRs) can be accessed at its website at https://www.un.org/securitycouncil/content/un–sc–consolidated–list.

The updated “ISIL (Da’esh) &Al-Qaida Sanctions List”, which includes names of individuals and entities associated with the Al-Qaida is available at:

http://www.un.org/securitycouncil/sanctions/1267/aq_sanctions_list

4. As per the instructions from the Ministry of Home Affairs (MHA), any request for delisting received by any Regulated Entity (RE) is to be forwarded electronically to Additional Secretary (CTCR), MHA (email: [email protected]) for consideration. A copy of the same may be marked to Joint Secretary (UNP), MEA (e-mail id: [email protected]). Individuals, groups, undertakings or entities seeking to be removed from the Security Council’s ISIL (Da’esh) and Al-Qaida Sanctions List can submit their request for delisting to an independent and impartial Ombudsperson who has been appointed by the United Nations Secretary-General.

More details are available at the following URL:

https://www.un.org/securitycouncil/ombudsperson/application

5. Stock Exchanges, Depositories, KRAs, AMFI, and registered intermediaries are advised to take note of the aforementioned UNSC communication and ensure compliance.