SEBI advisosy on addition of new entry To UN Security Council Sanctions List
Implementation of Section 51A of UAPA, 1967 – Addition of one new entry to 1533 DRC Sanctions List
Clause 2.8 of the SEBI Master Circular Guidelines on Anti – Money Laundering (AML) Standards and Combating the Financing of Terrorism (CFT) / Obligations of Securities Market Intermediaries under the Prevention of Money Laundering Act, 2002 and Rules framed there under date Oct 15, 2019 inter-alia states that registered intermediaries should ensure that accounts are not opened in the name of anyone whose name appears in updated list of individuals and entities which are subject to various sanction measures such as freezing of assets/accounts, denial of financial services etc., as approved by the Security Council Committee established pursuant to various United Nations’ Security Council Resolutions (UNSCRs). Registered intermediaries shall continuously scan all existing accounts to ensure that no account is held by or linked to any of the entities or individuals included in the list.
United Nations Security Council (UNSC) has made an addition of one new entry [Cdi.036; SEKA BALUKU of Ugandan origin] to its Sanctions List.
The UNSC press release(s) concerning amendments to the list are available at URL:
The latest version of the Sanctions list is accessible on the UN Security Council’s website at the following URL:
Accordingly, SEBI has advised Stock Brokers/Depositories/AMFI/Registered intermediaries are advised toc irculate the press release for necessary compliance.
SEBI has also advised them to follow the procedure and advise their respective members/participants/AMC’s to follow procedure as mentioned in the Central Government Order dated March 14, 2019 detailing the implementation of Section 51A of Unlawful Activities (Prevention) Act, 1967.
SEBI has asked them scan all existing accounts to ensure that no accountant is held by or linked to any of the entities or individuals included in the list and also ascertain the same for future accounts as well (As per Clause 2.8.1 of SEBI “Guidelines on Anti – Money Laundering (AML) Standards and Combating the Financing of Terrorism (CFT) / Obligations of Securities Market Intermediaries under the Prevention of Money Laundering Act, 2002 and Rules framed there under” issued on Oct 15, 2019).
They have also been asked to forward any request for de-listing received by them, electronically to Joint Secretary (CTCR) (e-mail id: jsctcr-mha@gov.in) and a copy of the same to MHA, Joint Secretary (UNP) (e-mail id: jsunp@mea.gov.in)