2. Financial Action Task Force (FATF) has updated its Statement on October 18, 2013 on the captioned subject and document ‘Improving Global AML/CFT Compliance: On-Going Process’ (copy enclosed). The statement /document can be accessed from the following URL also:
3. All NBFCs are accordingly advised to consider the information contained in the enclosed statement. This, however, does not preclude NBFCs from legitimate trade and business transactions with these countries and jurisdictions.