2. Financial Action Task Force (FATF) has updated its Statement on the subject and document ‘Improving Global AML/CFT Compliance: on-going process’ on February 14, 2014 (copy enclosed). The statement/document can be accessed from the following URL also:
3. All the Payment System Operators authorised under the Payment and Settlement Systems Act, 2007 are accordingly advised to consider the information contained in the enclosed statement. This, however, does not preclude Payment System Operators from legitimate trade and business transactions with these countries and jurisdictions.
4. Nodal Officer/Principal Officer may please acknowledge receipt of this circular.