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Corporate Laws Central Reserve Bank of India (RBI) Prevention of Money-laundering Act, 2002

Implementation of Section 12A of the Weapons of Mass Destruction and their Delivery Systems (Prohibition of Unlawful Activities) Act, 2005: Designated List (Amendments)

18-Aug-2023 | RBI/2023-2024/56 DOR.AML.REC.33/14.06.001/2023-24

Reserve Bank of India has issued a Circular regarding the implementation of amendments to Section 12A of the Weapons of Mass Destruction and their Delivery Systems (Prohibition of Unlawful Activities) Act, 2005. These amendments pertain to the designated list of individuals and entities affected by sanctions.

Ministry of External Affairs (MEA), Government of India, has notified that the United Nations Security Council (UNSC) Committee established under resolution 1718(2006) has made amendments to certain entries on its Sanctions List of individuals and entities. The amendments are indicated through strikethrough and/or underline in the entries.

In response to these changes, the designated list referred to in previous communications, including the Order dated January 30, 2023 (mentioned in Para 2.1 and other relevant paragraphs), as communicated in RBI's circular DOR.AML.REC.23/14.06.001/2023-24 dated July 04, 2023, is now being amended to incorporate the alterations in these relevant entries.

Relevant URLs for accessing the latest version of the UNSC Sanctions lists on the Democratic People's Republic of Korea (DPRK) and Iran are provided by the RBI:

DPRK Sanctions List: UNSC DPRK Sanctions List
Iran Sanctions List: UNSC Iran Sanctions List

Responsible Entities (REs) are strongly advised to take note of these communications and ensure thorough compliance with the amended list and the regulations governing it.

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