TITLE: Securities and Exchange Board of India Updates Implementation of United Nations Security Council Sanctions List
BODY:
On August 19, 2026, the Securities and Exchange Board of India (SEBI) published updates regarding the implementation of Section 51A of the Unlawful Activities (Prevention) Act, 1967 (UAPA). The update concerns changes to the United Nations Security Council (UNSC) Resolution 1267 (1999) sanctions list, which SEBI implements as part of its regulatory framework.
Section 51A of the UAPA requires SEBI to maintain and enforce compliance with sanctions designations issued by the UNSC. The 1267 Committee, established under UNSC Resolution 1267 (1999), maintains consolidated lists of individuals and entities designated as associated with terrorism. These designations are binding on all UN member states, including India, and require financial institutions and market participants to freeze assets and prevent transactions involving listed persons and entities.
SEBI's update reflects the latest designations and modifications to the UNSC's consolidated sanctions list. Market participants, including brokers, dealers, custodians, and other entities regulated by SEBI, must ensure their compliance systems incorporate these updated designations. Failure to comply with sanctions obligations can result in regulatory action and penalties.
The update is effective immediately upon publication. SEBI expects all regulated entities to review the updated sanctions list and implement necessary changes to their know-your-customer (KYC), customer due diligence, and transaction monitoring procedures to ensure ongoing compliance with Section 51A of the UAPA and UNSC sanctions designations.