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Corporate Laws Central Ministry of Finance Securities and Exchange Board of India Act, 1992

NSE circular on Updates to United Nations Security Council's 1718 Sanctions List of Designated Individuals and Entities

23-Sep-2024 | NSE/ISC/64081

NSE has issued a circular regarding updates to UNSC?s 1718 Sanctions List of Designated Individuals and Entities, effective from 23rd September 2024.

By virtue of this circular, it is notified that the UNSC has issued a note SC/15823 dated September 17, 2024, regarding the amendment in 1 entry in UNSC?s 1718 Sanctions List of Designated Individuals and Entities.

Key highlights-
i) Follow the procedure as mentioned in the Ministry of Finance order F.No.P-12011/14/2022-ES Cell-DOR, regarding the detailed procedure for the implementation of section 12A of Weapons of Mass Destruction and their Delivery Systems (Prohibition of Unlawful Activities) Act, 2005.
ii) Scanning of all existing accounts should be done to ensure that no account 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.
iii) The UNSC's press release concerning the list of amended securities can be accessed at: https://press.un.org/en/2024/sc15823.doc.htm

Kindly refer to the attached circular for more reference.

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