Know your Customer (KYC) Norms / Anti-Money Laundering (AML) Standards /Combating of Financing of Terrorism (CFT)- StCBs & CCBs - ਆਰਬੀਆਈ - Reserve Bank of India
Know your Customer (KYC) Norms / Anti-Money Laundering (AML) Standards /Combating of Financing of Terrorism (CFT)- StCBs & CCBs
RBI/2009-10/462 May 12, 2010 The Chairmen / CEOs of all State / Central Co-operative Banks Dear Sir, Know your Customer (KYC) Norms / Anti-Money Laundering (AML) Standards / Please refer to our letter RPCD.CO.RF.AML.No.6548/07.02.12/2009-10 dated December 10, 2009 on risks arising from the deficiencies in AML/CFT regime of Iran, Uzbekistan, Pakistan, Turkmenistan and Sao Tome and Principe. 2. Financial Action Task Force (FATF) has issued a further Statement on February 18, 2010 on the subject (copy enclosed). It may be observed that the instant FATF statement divides the strategic AML/CFT deficient jurisdictions into three groups as under:
3. All banks are accordingly advised to take into account risks arising from the deficiencies in AML/CFT regime of these countries. 4. Please advise Principal Officer of your bank to acknowledge receipt of this letter to our concerned Regional Office. Yours faithfully, (R.C.Sarangi) |