Submit reports of suspect transactions: RBI directs banks


In a move to track terror funding, India’s central bank, the Reserve Bank of India, has directed banks to submit reports on accounts maintained by persons and organisations bearing resemblance to terrorists and their outfits in the fresh list issued by the United Nations.

The UN on Monday issued a fresh list of terrorist organisations and individuals which includes the names of underworld don Dawood Ibrahim Kaskar, LeT chief Hafeez Mohd Saeed, and Mumbai attacks accused Zaki-ur-Rehman Lakhvi, in addition to Osama bin Laden, Al Qaeda and Taliban.

Utmost care should be taken by the banks to ensure and cross check all account opening applications and transactions carried out in the existing accounts with the updated consolidated list (of the UN), the RBI said in a communication to heads of all banks and financial institutions.

It further asked the banks to report transactions which bear resemblance with the individuals and entities listed, to the RBI as well as to the Financial Intelligence Unit-India.

The UN list identifies Dawood Ibrahim as a resident of Pakistan having two houses in Karachi.

It names terror outfits like Lashkar-e-Toiba, Jaish-e-Mohammad, Harkat-ul-Mujahedeen, Lashkar-e-Jhangvi, Al Akhtar Trust, Al Rashid Trust and the Abu Sayyaf Group in the list.

Among the individuals named in the list are Afghan warlord Gulbuddin Hekmatyar and Pakistani terrorist Mohammad Yahya Mujahid.

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Printable version | Jan 27, 2020 6:02:32 PM |

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