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RBI asks banks to submit data on suspect accounts
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RBI asks banks to submit data on suspect accounts
In a move to track terror funding, the Reserve Bank 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 (UN).
The UN on Monday issued a fresh list of terrorist groups and individuals, including underworld don D-awood Ibrahim Kaskar, La-shkar-e-Toiba (LeT) chief Hafeez Mohd Saeed and Mumbai attacks accused Zaki-ur-Rehman Lakhvi, in addition to Osama bin La-den, 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 wi-th the updated consolidated list (of the UN),” RBI said in a communication to he-ads of all banks and financial institutions.
It further asked the banks to report transactions that “bear resemblance with the individuals and entities listed” to RBI as well as 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 such as LeT, Jaish-e-Mohammad, Harkat-ul-Mujahedeen, Lashkar-e-Jhang-vi, Al Akhtar Trust, Al Rashid Trust and the Abu Sayyaf Group in the list.
Among the individuals named in the list are Afg-han warlord Gulbuddin Hekmatyar and Pakistani terrorist Mohammad Yah-ya Mujahid.
Source:
http://www.mydigitalfc.com/news/rbi-asks-banks-submit-data-suspect-accounts-520
The UN on Monday issued a fresh list of terrorist groups and individuals, including underworld don D-awood Ibrahim Kaskar, La-shkar-e-Toiba (LeT) chief Hafeez Mohd Saeed and Mumbai attacks accused Zaki-ur-Rehman Lakhvi, in addition to Osama bin La-den, 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 wi-th the updated consolidated list (of the UN),” RBI said in a communication to he-ads of all banks and financial institutions.
It further asked the banks to report transactions that “bear resemblance with the individuals and entities listed” to RBI as well as 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 such as LeT, Jaish-e-Mohammad, Harkat-ul-Mujahedeen, Lashkar-e-Jhang-vi, Al Akhtar Trust, Al Rashid Trust and the Abu Sayyaf Group in the list.
Among the individuals named in the list are Afg-han warlord Gulbuddin Hekmatyar and Pakistani terrorist Mohammad Yah-ya Mujahid.
Source:
http://www.mydigitalfc.com/news/rbi-asks-banks-submit-data-suspect-accounts-520
