List of Terrorist Individuals/Organisations - under UNSCR 1267 – RBI instructions

By Vijay Kumar

RBI has forwarded to all the banks the updated list of Individuals and entities under UNSCR 1267. RBI wants the banks to report those accounts to Reserve Bank of India & Financial Intelligence Unit-India which bear resemblance with the individuals/ entities listed therein.

As per the UNSCR 1267, all States are required to take the following measures in connection with any individual or entity associated with Al-Qaida, Usama bin Laden and/or the Taliban as designated by the Committee:

++ freeze without delay the funds and other financial assets or economic resources of designated individuals and entities [assets freeze],

++ prevent the entry into or transit through their territories by designated individuals
[travel ban], and

++ prevent the direct or indirect supply, sale and transfer from their territories or by their nationals outside their territories, or using their flag vessels or aircraft, of arms and related materiel of all types, spare parts, and technical advice, assistance, or training related to military activities, to designated individuals and entities [arms embargo].