UCBs - KYC Norms /AML Standards/Combating Financing of Terrorism - આરબીઆઈ - Reserve Bank of India
UCBs - KYC Norms /AML Standards/Combating Financing of Terrorism
RBI/2010-11/246 October 25, 2010 The Chief Executive Officers of (As per List enclosed) Dear Sir / Madam, Know Your Customer (KYC) Norms / Anti-Money Laundering (AML) Standards / Please refer to our circular UBD.BPD.(PCB) Cir.No.7/14.01.062/2010-11 dated August 12, 2010. As part of its ongoing review of compliance with the AML/CFT standards, the Financial Action Task Force (FATF) has identified certain jurisdictions which have strategic AML/CFT deficiencies. 2. FATF, vide its statement dated June 25, 2010 (copy enclosed) has called upon jurisdictions listed in the statement to complete the implementation of their action plan within the timeframe. The FATF, in the statement has called upon its members to consider the information given in the statement. 3. All banks and All India Financial Institutions are accordingly advised to consider the information contained in the enclosed statement. 4. The Compliance Officer / Principal Officer of the bank should acknowledge receipt of this circular to our Regional Office concerned. Yours faithfully (M. Nanda Kumar) Encl: As above.
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