The Presidents/Chief Executives
All Banks/DFIs/MFBs


Dear Sir/Madam,

Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) Regulations
and Guidelines on Compliance of United Nations Security Council (UNSC) Resolutions

            Please refer to the Regulation-1 of AML/CFT Regulations and Guidelines on Compliance of United Nations Security Council (UNSC) Resolutions as amended from time to time.

2.         It is clarified that the obligations/ prohibitions regarding proscribed entities and persons mentioned in the aforesaid Regulations and Guidelines are applicable, on an ongoing basis, to proscribed/ designated entities and persons or to those who are known for their association with such entities and persons, whether under the proscribed/ designated name or with a different name. Therefore, the relevant paragraphs of Regulation-1 and Guidelines stand amended as aforesaid with consequential changes. Banks/DFIs/MFBs are advised to ensure compliance of the requirements in letter and spirit.

3.         All other instructions on the subject shall however, remain unchanged.  

4.         The updated version of the ‘Regulations’ and ‘Guidelines’ is enclosed.

Encls:
Updated AML/CFT Regulations
Updated Guidelines on Compliance of UNSC Resolutions