Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards - RBI - Reserve Bank of India
Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards
RBI/2011-12/487 April 04 , 2012 Dear Sir, Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards Please refer to DNBS(PD).CC.No.257/03.10.42/ 2011-12 dated March 14, 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. All NBFCs/RNBCs are accordingly advised to consider the information contained in the enclosed statement. 4. This, however, does not preclude financial institutions from legitimate trade and business transactions with these countries and jurisdictions. Yours faithfully, (Dr Tuli Roy) Encl: as above |