India Report
Welcome Guest Login | Sign Up | My News | Business Pentatonic
Choose Themes
BREAKING NEWS  
Narrow escape for students as lightening strikes Jammu school            India lose Nagpur test            Widespread rains across Punjab, Haryana; mercury rises            Students go on rampage against pvt coaching centres in Patna            One killed, six injured in landslides           
National

RBI alerts co-operative banks to keep watch on terror funding

Published: October 29,2009
 Feedback  Sign in to Email  Print  Discussion

Mumbai , Oct 29 The Reserve Bank today directed all central and state co-operative banks to keep a strict watch on UN-listed terror funding entities that might use the banking operations in the country to fund terrorist activities.

In August, RBI issued a similar direction to scheduled commercial banks and financial institutions asking them to be on vigil so that no account is opened or maintained for entities mentioned in the United Nations&aposlist.

The list of terrorist organisations and individuals, brought out by the UN Security Council Committee, include underworld don Dawood Ibrahim, Osama bin Laden, Al Qaeda, Taliban, Lashkar-e-Taiba and Jaish-e-Mohammad.

" Banks have been advised that full details of accounts bearing resemblance with any of the individuals or entities in the list should immediately be intimated to RBI and FIU-IND ( Financial Intelligence Unit-India),"the central bank said.

The RBI said the assets belonging to any such individual or entities would be frozen after verification from the Union Home Ministry.

Last Friday, market regulator SEBI asked stock exchanges and other securities intermediaries to keep a tab on their new and existing clients, and inform the home ministry within 24 hours if they find any client, whose particulars match with those of the UN-listed entries.
Source: PTI
 
 
Share this Bookmark to: Webnews Bookmark to: Bookmarks.at Bookmark to: Folkd Bookmark to: Digg Bookmark to: Facebook Bookmark to: Reddit Bookmark to: Jumptags Bookmark to: Slashdot Bookmark to: Propeller Bookmark to: Furl Bookmark to: Yahoo Bookmark to: Spurl Bookmark to: Google Bookmark to: Blinklist Bookmark to: Technorati Bookmark to: Blinkbits Bookmark to: Smarking Bookmark to: Netvouz Information
*User Name
Note: All fields marked with*are mandatory.
*Password
*Security Image
Comments
  
Total Comments
FEATURED ARTICLES