Description

BSE notifies amendments to two entries on the UN Security Council's ISIL (Da'esh) and Al-Qaida Sanctions List pursuant to UAPA 1967 implementation requirements.

Summary

BSE has issued a circular regarding updates to the United Nations Security Council’s ISIL (Da’esh) and Al-Qaida Sanctions List, pursuant to India’s Unlawful Activities (Prevention) Act, 1967 (UAPA), Section 51A. The Security Council Committee amended two entries on October 6, 2025, affecting individuals subject to assets freeze, travel ban, and arms embargo under Resolution 2734 (2024).

Key Points

  • Two individual entries amended on the UNSC ISIL and Al-Qaida Sanctions List on October 6, 2025
  • Amendments made under Security Council resolutions 1267 (1999), 1989 (2011), and 2253 (2015)
  • Sanctions include assets freeze, travel ban, and arms embargo under Chapter VII of UN Charter
  • Market participants must update their sanctions screening databases with amended entries

Amended Entries

Individual 1: Abd El Kader Mahmoud Mohamed El Sayed (QDi.065)

  • DOB: December 26, 1962
  • Nationality: Egypt
  • Italian Fiscal Code: SSYBLK62T26Z336L
  • Sentenced to 8 years imprisonment in Italy (February 2, 2004)
  • Reportedly killed in Afghanistan-Pakistan border region in 2012
  • Last amended: October 6, 2025

Individual 2: Aris Sumarsono (QDi.187)

  • DOB: April 19, 1963
  • POB: Gebang village, Masaran, Sragen, Central Java, Indonesia
  • Nationality: Indonesia
  • Also known as: Zulkarnan, Zulkarnain, Arif Sunarso, and multiple aliases
  • Sentenced to 15 years in prison in Indonesia (January 2022)
  • Addresses in Sragen and Lampung, Indonesia
  • Last amended: October 6, 2025

Regulatory Changes

The amendments update existing entries on the sanctions list with revised information. Market intermediaries and financial institutions must ensure their sanctions screening systems reflect these amendments to comply with:

  • UAPA 1967, Section 51A (Implementation of UN Security Council decisions)
  • UN Security Council Resolution 2734 (2024)
  • India’s obligations under international counter-terrorism frameworks

Compliance Requirements

Mandatory Actions:

  • Update internal sanctions screening databases with amended entries
  • Screen existing and new client accounts against updated sanctions list
  • Freeze assets and block transactions related to listed individuals
  • Report any matches or suspicious activities to appropriate authorities
  • Maintain records of screening activities and compliance measures
  • Train relevant staff on updated sanctions list provisions

Applicable To:

  • Stock brokers and trading members
  • Depository participants
  • Listed companies
  • Clearing members
  • All market intermediaries registered with BSE

Important Dates

  • October 6, 2025: UN Security Council Committee enacted amendments
  • October 9, 2025: BSE circular issued
  • Immediate Effect: Compliance required from date of circular

Impact Assessment

Operational Impact:

  • Market participants must update KYC/AML screening systems immediately
  • Enhanced due diligence required for client onboarding and transaction monitoring
  • Potential operational disruption if systems require manual updates

Compliance Impact:

  • Non-compliance may result in regulatory penalties under UAPA 1967
  • Increased compliance burden for maintaining updated sanctions databases
  • Regular monitoring of UN sanctions list updates required

Market Impact:

  • Limited direct market impact as amendments affect specific individuals
  • No trading restrictions or market-wide operational changes
  • Primarily affects back-office compliance and risk management functions

Additional Resources

Impact Justification

High importance due to legal compliance requirements under UAPA 1967 for counter-terrorism measures. Medium impact as it affects operational compliance procedures for screening sanctioned entities, though amendments are limited to two specific entries.