The Reserve Bank of India (RBI) on July 04, 2023, issued a notification regarding the Implementation of Section 12A of the Weapons of Mass Destruction and their Delivery Systems (Prohibition of Unlawful Activities) Act, 2005: Designated List (Amendments).
The following has been stated namely: -
• Section 52 and Section 53 of the Master Direction on Know Your Customer dated February 25, 2016, have been amended namely: -
REs shall ensure meticulous compliance with the “Procedure for Implementation of Section 12A of the Weapons of Mass Destruction (WMD) and their Delivery Systems (Prohibition of Unlawful Activities) Act, 2005
• The UNSC Committee established pursuant to resolution 1718(2006) enacted the amendments specified with strikethrough and/or underline in certain entries on its Sanctions List of individuals and entities (enclosed with this circular). The ‘designated list’ is amended in accordance with the changes in these relevant entries.
• The REs are advised to take note of the aforementioned communications and ensure meticulous compliance
• The consolidated Lists of UNSC Designated / Sanctioned Individuals and Entities under the UNSC Resolutions relating to non-proliferation have been stated in the circular DOR.AML.REC.23/14.06.001/2023-24 dated July 04, 2023.
[Notification No. RBI/2023-24/48]
