The Reserve Bank of India has issued a circular on the implementation of Section 51A of the Unlawful Activities (Prevention) Act, 1967, informing regulated entities of an update to the UN sanctions framework.
The United Nations Security Council Committee, pursuant to resolutions 1267, 1989 and 2253, has removed one entity from the ISIL (Da’esh) & Al-Qaida Sanctions List. As a result, the asset freeze, travel ban and arms embargo measures under the relevant UN resolutions no longer apply to the delisted entry.
The circular is applicable to Urban Co-operative Banks, Rural Co-operative Banks, commercial banks, Small Finance Banks, Payment Banks, Regional Rural Banks, Local Area Banks, Non-Banking Financial Companies, Asset Reconstruction Companies and All India Financial Institutions.
These entities are required to take action in accordance with Chapter IX of the RBI’s KYC Directions, 2025, and follow the procedure prescribed under the UAPA Order dated February 2, 2021 (as amended), while ensuring continued compliance with updated UN sanctions lists.
