The RBI has directed all financial institutions to implement updates to the UN-mandated sanctions lists for Taliban, ISIL (Da'esh), and Al-Qaida under Section 51A of the UAPA, 1967. Five entries were amended for Taliban and six for ISIL/Al-Qaida, with three removed.
RBI Directs Implementation of Updated UN Terrorist Sanctions
The Reserve Bank of India has issued multiple advisories dated October 2026, directing all regulated entities to implement amendments to the United Nations Security Council (UNSC) sanctions lists for terrorist entities under Section 51A of the Unlawful Activities (Prevention) Act, 1967 (UAPA). Updates include the amendment of five entries in the Taliban sanctions list (under UNSC Resolution 1988/2011) and three entries each in the ISIL (Da'esh) and Al-Qaida sanctions list (under UNSC Resolution 1267/1989), along with the removal of three individuals from the latter list.
Financial institutions, including commercial banks, NBFCs, and payment systems operators, are required to immediately update their screening mechanisms to reflect these changes. The directive emphasizes the mandatory freezing of funds and assets of designated individuals without prior notice, in compliance with India’s obligations under international counter-terrorism financing frameworks.
These updates reinforce the role of financial entities in combating terrorist financing. Legal teams must ensure robust Know Your Customer (KYC) and anti-money laundering (AML) protocols are aligned with the latest UAPA notifications and UNSC mandates. Failure to comply may result in regulatory penalties under the Prevention of Money Laundering Act, 2002.
Citations
- UAPA, 1967, Section 51A
