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Corporate Laws Central Ministry of Finance Prevention of Money-laundering Act, 2002

Reiteration of updates for Implementation of Section 12A of Weapons of Mass Destruction and their Delivery Systems (Prohibition of Unlawful Activities) Act, 2005

18-Apr-2024 | Circular Ref No. 21/2024

NSE has reiterated the circular issued by RBI - Updates for Implementation of Section 12A of Weapons of Mass Destruction and their Delivery Systems (Prohibition of Unlawful Activities) Act, 2005: Updates to UNSC's 1718 Sanctions List of Designated Individuals and Entities

Reserve Bank of India has issued circular on Implementation of 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.

By virtue of this notification Ministry of External Affairs (MEA), GOI has informed that the UNSC Committee established pursuant to resolution 1718(2006) has enacted the amendments, specified with strikethrough and/or underline in certain entries on its Sanctions List of individuals and entities (enclosed with this circular). Hence, the designated list as referred in Para 2.1 and other relevant paras of the Order dated September 01, 2023 is amended in accordance with the changes in these relevant entries.

The latest version of the UNSC Sanctions lists on DPRK is accessible on the UN Security Council's website at the following URLs:

https://www.un.org/securitycouncil/sanctions/1718/materials

The REs are advised to take note of the aforementioned communications and ensure meticulous compliance.

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