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CFT under Unlawful Activities (Prevention) Act 1967 - SEBI Directions

Combating Financing of Terrorism (CFT) under Unlawful Activities (Prevention) Act, 1967 –Directions to stock exchanges, depositories and all registered intermediaries

SEBI Circular No. SEBI/HO/MIRSD/DOP/CIR/P/2019/69 dated May 28, 2019 addressed to, all Intermediaries registered with SEBI under Section 12 of the Securities and Exchange Board of India Act, 1992 (Through the stock exchanges for stock brokers, depositories for depository participants and Association of Mutual Funds in India (AMFI) for asset management companies) :—

1. The Government had issued an Order dated August 27, 2009 detailing the procedure for implementation of Section 51A of the Unlawful Activities (Prevention) Act, 1967 (UAPA), relating to the purpose of prevention of, and for coping with terrorist activities. Accordingly SEBI had issued circular ISD/AML/CIR-2/2009 dated October 23, 2009 on “Combating Financing of Terrorism (CFT) under Unlawful Activities (Prevention) Act, 1967” and subsequently master circular SEBI/HO/MIRSD/DOS3/CIR/P/2018/104 dated July 04, 2018 on “Guidelines on Anti-Money Laundering (AML) Standards and Combating the Financing of Terrorism (CFT) / Obligations of Securities Market Intermediaries under the Prevention of Money Laundering Act, 2002 and Rules framed there under”.

2. In view of the reorganization of Divisions in the Ministry of Home Affairs and allocation of work relating to countering of terror financing to the Counter Terrorism and Counter Radicalization (CTCR) Division, the Government has modified the earlier order dated August 27, 2009 by the order dated March 14, 2019 for strict compliance.

3. The enclosed order issued by GOI in relation to implementation of Section 51A of the UAPA, 1967 is brought to notice for strict and meticulous compliance.

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