sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
Latest Circulars »
 Professor Hélène Rey, London Business School delivered the Sixteenth L.K. Jha Memorial Lecture titled “National Monetary Authorities and the Global Financial Cycle”
 Auction for Sale (Re-issue) of Government Stock (GS) December 17, 2018
 Revision of All Industry Rates (AIRs) of Duty Drawback.
 Notification No. 57/2018-Customs Ministry Of Finance
 Accounts & Audit Under Company Law
 Exim Bank's Government of India supported Line of Credit of USD 500 million to the Government of the United Republic of Tanzania
 Deendayal Antyodaya Yojana – National Urban Livelihoods Mission (DAY-NULM)
 Shri Shaktikanta Das appointed as Governor of RBI
 Reserve Bank of India imposes monetary penalty on Indian Bank
 RBI Announces OMO Purchase of Government of India Dated Securities Dec 11, 2018
 Survey on Computer Software & Information Technology Enabled Services Exports: 2017-18 – Data Release 1

Anti-Money Laundering (AML) / Combating of Financing of Terrorism (CFT) - Standards - Primary (Urban) Co-operative Banks
November, 14th 2014

RBI/2014-15/302
DCBR.CO.BPD .(AD). Cir No 1/14.01.062/2014-15

November 13, 2014

The Chief Executive Officer
All Primary (Urban) Co-operative Banks

Dear Madam / Sir,

Anti-Money Laundering (AML) / Combating of Financing of Terrorism (CFT) -
Standards - Primary (Urban) Co-operative Banks

Please refer to our circular UBD.BPD.(AD).Cir.No.1/14.01.062/2014-15 July 31, 2014 on risks arising from the deficiencies in AML / CFT regime of certain jurisdictions.

2. Financial Action Task Force (FATF) has updated its Statement on the subject and document 'Improving Global AML / CFT Compliance: on-going process' on October 24, 2014 (copy enclosed). The statement / document can be accessed from the following URL also

http://www.fatf-gafi.org/documents/documents/fatf-compliance-oct-2014.html
and
http://www.fatf-gafi.org/topics/high-riskandnon-cooperativejurisdictions/documents/public-statement-oct2014.html

3. Primary (Urban) Co-operative Banks (UCBs) are accordingly advised to consider the information contained in the enclosed statement. This, however, does not preclude UCBs from legitimate trade and business transactions with countries and jurisdictions mentioned in the statement.

4. The Principal Officer should acknowledge receipt of this circular to our Regional Office concerned.

Yours faithfully

(Suma Varma)
Chief General Manager

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
SEO Services SEO LLC e-boost Search Engine Optimization Services Internet Marketing Services Website Placement Services On-site Webs

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions