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RBI-RRBs/StCBs/CCBs - Anti-Money Laundering (AML) / Combating of Financing of Terrorism (CFT) - Standards
December, 11th 2013

RBI/2013-14/407
RPCD.RRB.RCB.AML.No.6235/07.51.018/2013-14

December 10, 2013

The Chairmen / CEOs of
All Regional Rural Banks /
State and Central Co-operative Banks

Dear Sir/Madam,

Anti-Money Laundering (AML) /
Combating of Financing of Terrorism (CFT) - Standards

Please refer to our letter RPCD.RRB.RCB.AML.No.342/07.51.018/2013-14 dated July 5, 2013 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 18, 2013 (copy enclosed). The statement / document can be accessed from the following URLs also :

http://www.fatf-gafi.org/media/fatf/documents/statements/18-October-2013.pdf
and
http://www.fatf-gafi.org/topics/high-riskandnon-cooperativejurisdictions/documents/fatf-compliance-oct-2013.html

3. All Regional Rural Banks and State / Central Co-operative Banks are accordingly advised to consider the information contained in the enclosed statement. This, however, does not preclude Indian banks from legitimate trade and business transactions with these countries and jurisdictions.

4. Please advise your Principal Officer to acknowledge receipt of this circular letter to our regional office concerned.

Yours faithfully,

(A.G. Ray)
General Manager

 
 
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