RRBs/StCBs/CCBs - Anti-Money Laundering (AML) / Combating of Financing of Terrorism (CFT) - Standards - RBI - Reserve Bank of India
RRBs/StCBs/CCBs - Anti-Money Laundering (AML) / Combating of Financing of Terrorism (CFT) - Standards
RBI/2013-14/407 December 10, 2013 The Chairmen / CEOs of Dear Sir/Madam, Anti-Money Laundering (AML) / 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 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) |