The Reserve Bank of India (RBI) on January 02, 2024, issued a circular regarding the Designation of 2 individuals as ‘Terrorists’ under Section 35 (1) (a) of the Unlawful Activities (Prevention) Act (UAPA), 1967, and their listing in the Schedule IV of the Act
The following has been stated namely: -
• It states that the procedure laid down in the UAPA Order dated February 02, 2021 (Annex II of this Master Direction), shall be strictly followed, and meticulous compliance with the Order issued by the Government shall be ensured.
• It is highlighted that the UAPA Order in Annex II of the MD on KYC, 2016 shall also apply to amendments carried out in Schedule I and IV of the UAPA, 1967 apart from the UNSC lists mentioned in the Order.
• It states that this has a reference to the Gazette notifications dated December 29, 2023, and January 01, 2024, of the MHA in respect of two individuals who have been declared as ‘Terrorists’ and have been listed in the Schedule IV of the UAPA 1967, under Section 35 (1) (a) of UAPA 1967.
• The Statutory Order numbers and the respective entries have been attached for reference.
[Notification No. RBI/2023-24/106 DOR.AML.REC.65/14.06.001/2023-24]
