Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards - ಆರ್ಬಿಐ - Reserve Bank of India
Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards
RBI/2013-14/524 March 19, 2014 All Non Banking Financial Companies excluding Dear Sirs, Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards Please refer to DNBS (PD).CC.No.364/03.10.42/2013-14 dated January 1, 2014 on risks arising from the deficiencies in AML/CFT regime of certain jurisdictions. 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: http://www.fatf-gafi.org/media/fatf/documents/statements/Public-Statement-14-February-2014.pdf and 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. Yours faithfully, (Sindhu Pancholy) Encl: as above |