RBI/2009-10/229
DBOD. AML. No. 8923 /14.01.032 /2009-10
November 20, 2009
The Chairman/
CEOs of all Scheduled Commercial Banks(Excluding RRBs)/
Local Area Banks /
Financial Institutions
Dear Sir,
Know Your Customer (KYC) Norms/ Anti- Money Laundering (AML) Standards/
Combating of Financing of Terrorism (CFT)
Please refer to our letter DBOD. AML.No.5852/14.01.029/2008-09 dated October 1,
2009 on risks arising from the deficiencies in AML/CFT regime of Uzbekistan,
Iran, Pakistan, Turkmenistan, Sao Tome and Principe.
- Financial Action Task Force (FATF) has issued a further Statement on October
16, 2009 on the subject (copy enclosed). All banks and financial institutions
are accordingly advised to take into account risks arising from the deficiencies
in AML/CFT regime of Iran, Uzbekistan, Pakistan, Turkmenistan and Sao Tome and
Principe.
- Please advise Principal Officer of your bank to acknowledge receipt of this
circular letter.
Yours faithfully,
(Vinay Baijal)
Chief General Manager
Encl: As above