RBI/2010-11/365
DBOD. AML.No. 10858/14.01.038/2010-11
January 11, 2011
The Chairmen/CEOs of all Scheduled Commercial Banks (Excluding RRBs)/
Local Area Banks / All India Financial Institutions
Dear Sir,
Anti- Money Laundering (AML) / Combating of
Financing of Terrorism (CFT)- Standards
Please refer to our letter DBOD. AML.No.2329 /14.01.037/2009-10 dated August
9, 2010 forwarding the Financial Action Task Force (FATF) Statement identifying
a list of jurisdictions which have strategic AML/CFT deficiencies.
- FATF, has further issued a Statement on October 22, 2010 (copy
enclosed) calling upon jurisdictions listed in the Statement to complete the
implementation of their action plan within the timeframe. The FATF, in the
Statement has called upon its members to consider the information given in
the Statement.
- All banks and All India Financial Institutions are accordingly advised
to consider the information contained in the enclosed Statement.
- Please advise Principal Officer of your bank to acknowledge receipt of
this circular letter.
Yours faithfully,
(Vinay Baijal)
Chief General Manager
Encl: As above