Description

Security Council Committee amends five entries on ISIL (Da'esh) and Al-Qaida sanctions list affecting assets freeze, travel ban and arms embargo.

Summary

The BSE has issued an update regarding the implementation of Section 51A of the Unlawful Activities (Prevention) Act (UAPA), 1967, following amendments made by the UN Security Council Committee to five entries on the ISIL (Da’esh) and Al-Qaida sanctions list on August 22, 2025.

Key Points

  • Five entries amended on ISIL (Da’esh) and Al-Qaida sanctions list on August 22, 2025
  • Amendments enacted under UN Security Council resolutions 1267 (1999), 1989 (2011) and 2253 (2015)
  • Sanctions include assets freeze, travel ban and arms embargo as per Security Council resolution 2734 (2024)
  • Two specific individuals detailed: Ibrahim Ali Abu Bakr Tantoush (QDi.057) and Al-Azhar Ben Khalifa Ben Ahmed Rouine (QDi.150)
  • Updates adopted under Chapter VII of the UN Charter

Regulatory Changes

  • Updated sanctions list with amended entries showing modifications through strikethrough and underline formatting
  • Enhanced identification details for sanctioned individuals including aliases, passport numbers, and addresses
  • Updated review status pursuant to Security Council resolutions 1822 (2008) and 2368 (2017)

Compliance Requirements

  • Market participants must comply with updated sanctions list under UAPA Section 51A
  • Assets freeze measures to be implemented for listed individuals and entities
  • Travel ban and arms embargo restrictions to be enforced
  • Regular monitoring of transactions against updated sanctions list

Important Dates

  • August 22, 2025: Date of amendments to sanctions list
  • August 28, 2025: BSE circular issuance date

Impact Assessment

The updates primarily affect compliance procedures for financial institutions and market participants who must screen against the amended sanctions list. While the changes are specific to five entries, the high regulatory importance under UAPA requires immediate attention to ensure compliance with anti-terrorism financing regulations.

Impact Justification

High importance due to legal compliance requirements under UAPA; medium impact as affects specific sanctioned entities rather than broad market operations