2. Financial Action Task Force (FATF) has updated its statement on February 14, 2014 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.