RRBs - Anti-Money Laundering /Combating Financing of Terrorism - Standards - ਆਰਬੀਆਈ - Reserve Bank of India
RRBs - Anti-Money Laundering /Combating Financing of Terrorism - Standards
RBI/2010-11/450 March 29, 2011 The Chairmen Dear Sir, Anti-Money Laundering (AML) / Combating of Financial Terrorism (CFT) - Standards Please refer to our circular RPCD.CO.RRB.AML.No.7857 /03.05.28 (A)/2010-11 dated January 17, 2011 on risks arising from the deficiencies in AML/CFT regime of Iran, Democratic People's Republic of Korea (DPRK). 2. Financial Action Task Force (FATF) has issued a further Statement on February 25, 2011 on the subject (copy enclosed) calling its members and other jurisdictions to apply counter-measures to protect the international financial system from the ongoing and substantial money laundering and terrorist financing (ML/FT) risks emanating from Iran and Democratic People's Republic of Korea (DPRK). 3. All Regional Rural Banks are accordingly advised to take into account risks arising from the deficiencies in AML/CFT regime of these countries, while entering into business relationships and transactions with persons (including legal persons and other financial institutions) from or in these countries/ jurisdictions. 4. Please advise Principal Officer of your bank to acknowledge receipt of this circular letter to our Regional Office concerned. Yours faithfully (B.P.Vijayendra) Encl: As above |