The Reserve Bank of India notifies financial institutions of the removal of three entries from the UNSC 1267/1989 ISIL (Da'esh) & Al-Qaida sanctions list under Section 51A of the UAPA, 1967, with immediate effect.
Removal of Three from UN ISIL & Al-Qaida Sanctions List
On October 27, 2026, the Reserve Bank of India issued a notification confirming the removal of three individuals from the United Nations Security Council’s 1267/1989 ISIL (Da'esh) and Al-Qaida sanctions list. The update, issued under Section 51A of the Unlawful Activities (Prevention) Act, 1967, directs all financial institutions to update their databases and cease asset-freeze obligations related to the delisted persons.
The notification applies to all regulated entities, including commercial and co-operative banks, NBFCs, and financial institutions. While the identities of the individuals are not disclosed in the circular, the RBI mandates timely alignment with the revised UNSC Consolidated List to avoid erroneous financial restrictions.
Implication for Practitioners: Legal and compliance teams must ensure that internal watchlists are updated to reflect delistings, and any previously frozen assets should be reviewed for restoration, subject to domestic legal safeguards. Institutions should document the update to demonstrate compliance during audits.
Citations
- Unlawful Activities (Prevention) Act, 1967, Section 51A
- UNSC Resolution 1267/1989
