The Reserve Bank has notified the removal of three entries from the UNSC 1267/1989 ISIL (Da'esh) & Al-Qaida sanctions list under Section 51A of UAPA, 1967. Regulated entities may now unfreeze assets previously blocked under the list.
RBI Notifies Delisting from UNSC ISIL/Al-Qaida Sanctions
The Reserve Bank of India has issued a directive dated October 27, 2026, informing all regulated financial institutions of the removal of three individuals from the United Nations Security Council (UNSC) 1267/1989 ISIL (Da'esh) and Al-Qaida Sanctions List, pursuant to Section 51A of the Unlawful Activities (Prevention) Act, 1967. The delisting follows review procedures by the UNSC’s 1267 Committee.
Regulated entities are authorised to unfreeze financial assets and economic resources of the delisted persons, provided due diligence confirms no other restrictions apply. Institutions must document the rationale for releasing previously blocked funds and report the action to the Financial Intelligence Unit—India (FIU-IND) within seven days. This update ensures compliance with international obligations while safeguarding the rights of de-notified individuals.
Legal and Compliance Implications
Legal advisors should assist clients in reviewing historical asset freezes and initiating remedial steps where warranted. While the delisting removes mandatory blocks, institutions remain liable under domestic anti-money laundering laws if transactions pose residual risks. This update reflects the dynamic nature of global sanctions regimes and underscores the need for responsive compliance systems in financial entities.
