We at Finakon track the regulatory changes. We also use AI to create a summary. We are providing a quick overview of the RBI circulars on a weekly basis on our website. The summary is neither exhaustive nor comprehensive. For accurate information, users shall refer to the original circular of the regulator. Finakon shall not be responsible for inferences drawn based on the summary provided.
RBI Alerts REs: Update to UNSC ISIL & Al-Qaida Sanctions List
The Reserve Bank of India (RBI) has issued an update under Section 51A of the Unlawful Activities (Prevention) Act, 1967 (UAPA), referring to changes in the UN Security Council’s ISIL (Da’esh) & Al-Qaida Sanctions List.
As informed by the Ministry of External Affairs (MEA), the UNSC Press Release SC/16193 dated October 16, 2025, announces amendments to one entry — Ahmad Hussain Al-Sharaa (Abu Mohammed Al-Jawlani), leader of Al-Nusrah Front.
Regulated Entities (REs) are advised to:
- Update internal systems with the revised sanctions list.
- Ensure no accounts or transactions exist in the name of the listed individuals or entities.
- Follow compliance procedures under the UAPA Order (Feb 2, 2021, amended Apr 22, 2024) and RBI Master Direction on KYC.
Updated lists and details are available at:
UNSC ISIL & Al-Qaida Sanctions List
RBI Notifies Update to UNSC ISIL & Al-Qaida Sanctions List
The Reserve Bank of India (RBI), via its circular dated October 24, 2025, has issued an update under Section 51A of the Unlawful Activities (Prevention) Act, 1967 (UAPA).
Based on the UNSC Press Release SC/16197 (October 21, 2025), the Ministry of External Affairs (MEA) has informed of an amendment to one entry on the ISIL (Da’esh) and Al-Qaida Sanctions List — QDi.065: Abd El Kader Mahmoud Mohamed El Sayed.
Regulated Entities (REs) must ensure:
- Immediate update of internal systems with the revised list.
- No accounts or transactions with listed individuals/entities.
- Compliance with the UAPA Order (Feb 2, 2021; amended Apr 22, 2024) and the RBI Master Direction on KYC.
For reference:
UNSC Sanctions List
RBI Makes Nomination Easier – New Guidelines for Banks from November 2025
The Reserve Bank of India has released the Reserve Bank of India (Nomination Facility in Deposit Accounts, Safe Deposit Lockers and Articles kept in Safe Custody with the Banks) Directions, 2025, aligning regulatory provisions with the recently enacted Banking Laws (Amendment) Act, 2025 and the Banking Companies (Nomination) Rules, 2025.
Effective November 1, 2025, these Directions aim to streamline the settlement of claims upon the death of customers, ensuring faster access to funds and reduced hardship for family members.
Key highlights include:
- Mandatory offer of nomination facility for all deposit accounts, lockers, and articles in safe custody.
- Clear disclosure to customers on the benefits of nomination at account opening.
- Acknowledgement and verification of nomination registration or changes within three working days.
- Enhanced customer awareness through public communication and inclusion of nomination details in account documents.
All banks are required to update their systems and procedures to comply with these directions and ensure smooth implementation from the effective date.
