RBI/2010-11/75
DBOD. AML. BC. No. 2/14 .01.001/2010-11
July 1, 2010
The Chairmen/Chief Executive Officers
All Scheduled Commercial Banks (excluding RRBs) / All India
Financial Institutions/ Local Area Banks
Dear Sir,
Master Circular – Know Your Customer (KYC) norms /
Anti-Money Laundering (AML) standards/Combating of Financing of Terrorism
(CFT)/Obligation of banks under PMLA, 2002
Please refer to our Master Circular DBOD.AML.BC.No.2/ 14.01.001 / 2009 – 10
dated July 01, 2009 consolidating instructions/guidelines issued to banks till
June 30, 2009 on Know Your Customer (KYC) norms /Anti-Money Laundering (AML)
standards/Combating of Financing of Terrorism (CFT)/Obligation of banks under
PMLA, 2002. This Master Circular is a consolidation of the instructions on Know
Your Customer (KYC) norms /Anti-Money Laundering (AML) standards/Combating of
Financing of Terrorism (CFT)/Obligation of banks under PMLA, 2002 issued up to
June 30, 2010.
2. The Master Circular has been placed on the RBI website: (http://www.rbi.org.in)
Yours faithfully,
(Vinay Baijal)
Chief General Manager