Anti-Money Laundering/Combating Financing of Terrorism - Standards - UCBs - ఆర్బిఐ - Reserve Bank of India
Anti-Money Laundering/Combating Financing of Terrorism - Standards - UCBs
RBI/2011-12/521 April 20, 2012 The Chief Executive Officer of Madam/Dear Sir, Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) – Please refer to our circular UBD.CO.BPD (AD) Cir.No.5/14.01.062/2011-12 dated February 23, 2012 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 16, 2012 on the subject (copy enclosed). 3. Primary (Urban) Co-operative Banks are accordingly advised to consider the information contained in the enclosed Statement. 4. This, however, does not preclude Primary (Urban) Co-operative Banks from legitimate trade and business transactions with these countries and jurisdictions. 5. The Principal Officer should acknowledge receipt of this circular to our Regional Office concerned. Yours faithfully, (M. Nanda Kumar) Encl: As above |