RBI/2010-11/447
DBOD. AML.No.15008 /14.01.001/2010-11
March 24, 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.10858 /14.01.038/2010-11 dated
January 11, 2011 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 February 25, 2011 (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