INSUBCONTINENT EXCLUSIVE:
New Delhi: Markets regulator Sebi on Wednesday asked stock brokers, depositories and market entities to stay cautious about any funds or
entities linked to the infamous Islamic State and Jamaah Ansharut Daulah.
The regulator has informed market entities about the updated
Al-Qaida sanctions list of the United Nations Security Council, which has named Islamic State in Iraq and the relevant parts of Libya and
Yemen and Jamaah Ansharut Daulah.
In a circular, Sebi has asked stock brokers, depositories and other market intermediaries to ensure strict
compliance with the prevention of unlawful activities law.
In addition, the regulator has asked market entities to ensure that accounts are
not opened in the name of anyone whose name appears in updated list issued by the United Nation's Security Council.
"Scan all existing
accounts to ensure that no accountant is held by or linked to any of the entities or individuals included in the list and also ascertain the
same for future accounts," the Securities and Exchange Board of India (Sebi) said.
Also, the market intermediaries have been asked to comply
with anti-money laundering guidelines and obligation for combating terrorism financing.
Under anti-money laundering guideline and obligation
for combating terrorism financing, Sebi has directed all intermediaries to ensure that "accounts are not opened in the name of anyone whose
name appears in updated list of individuals and entities which are subject to various sanction measures such as freezing of assets/accounts,
denial of financial services etc, approved by the security council committee established pursuant to various United Nations' Security