Indianexpress.com : comments : RBI asks banks to update list of terror funding entities

RBI asks banks to update list of terror funding entities

New Delhi: Banks and financial institutions have been directed by the RBI to scan all existing accounts to ensure that these are not held by or linked to any entity or individual figuring in the UN list of terrorists or terror-related organisations. "Banks, financial institutions are required to update th ....Read more

Comments

Post comment

10 Comments |

concetrate on swiss bank accountBy: prashant | Thursday , 12 Nov '09 22:45:31 PM Reply | Forward Its really makes the pleasure to every one about such kind of action. But what about the black money from our indian side leying to Swiss bank. Please bring that money to our country and eradicate the pooverty through out country. raise that fund for the devlopment of various project. RBI please concenrate on Swiss bank account . This is very much necessary. Britisheres bought 60 ships with full of gold to there nation 50 years ago , what about that. ok, let it be , but tension is that time is going on and our nation become weak and weak.

STRICT CONTROL ON MOVEMENT OF MONEYBy: B S GANESH BANGALORE | Thursday , 12 Nov '09 21:06:13 PM Reply | Forward There is need for strict control on movement and transaction of cash. It should be made clear that transactions above some amount say Rs 5000 or so must be only through crossed cheque or DD. Besides currency notes of Rs 1000 and even Rs 500 must be restricted or banned. It is only Yeswant Sinha who introduced Rs 1000 note whiuch was banned long back to fight black money. Besides judiciary must be expanded with honest judges to hasten cases especially criminal and corruption cases as crimes are alarmingly increasing. Bails must be restricted. B S GANESH BANGALORE

Christians convertingBy: Shiji | Thursday , 12 Nov '09 15:17:03 PM Reply | Forward And also check remittances for christians missioneries indulge in forceful conversions with the support and money from Vatican and rome

Biometrics needed for terror verificationBy: Dr Tarashankar Rudra | Thursday , 12 Nov '09 15:09:15 PM Reply | Forward Dear Sir/Madam, How does the bank know whether the terrorists or terror organizations are not opening accounts and operating in ficticious names. In my humble opinion, there should be an International database of digitized fingerprint of terrorists that should be made available to all banks through read only interface for matching. Also all existing account holders must me asked to report to the bank and get their fingerprints listed. The true fingerprints (without latex) can be matched later through biometric techniques for innocence verification.

Too late !!!!!By: Reader | Thursday , 12 Nov '09 14:21:52 PM Reply | Forward RBI has finally come out of sleep!!!, These things should be been done long back . These kind of check's should be done internally as well not just UN list .

RBI ..By: Manoj | Thursday , 12 Nov '09 13:39:07 PM Reply | Forward I'm surprised RBI is being reactive to a media sensitive event. I thought they would have a process.

Re: ManojBy: Avinash Baranwal | Thursday , 12 Nov '09 14:27:36 PM Reply | Forward Manoj, You raised a Good point.

RBI asks banks to update list of terror funding entitiesBy: Linob | Thursday , 12 Nov '09 13:08:29 PM Reply | Forward I think RBI has taken an important step which can help India in reducing outside agencies aiding for terrosorist activities in India.

Why only UN?By: Avinash Baranwal | Thursday , 12 Nov '09 12:58:11 PM Reply | Forward Why only on UN list? There may be some terror organisation which are on India's list and not on UN. When will we learn to work our own???? Clearly this is a mandate from US to India.

Are they sincere?By: Karuna Nair | Thursday , 12 Nov '09 12:17:20 PM Reply | Forward Does RBI or govt. need more powers? Why don't they act on the info they already have? The truth is that this is politically inconvenient to them because they don't want to touch a particular community.