RBI Circular on KYC Norms, AML Standards and Combating of Financing of Terrorism

RBI/2009-10/253 – December 10, 2009
RPCD.CO RRB.No 6557/03.05.28-A/2009-10

Know Your Customer (KYC) Norms/Anti-Money Laundering (AML) Standards/Combating of Financing of Terrorism (CFT)

Please refer to our letter RPCD.CO.RRB.No.5451/03.05.28-A/2009-10 dated November 16, 2009 on risks arising from the deficiencies in AML/CFT regime of Iran,Uzbekistan, Pakistan, Turkmenistan, Sao Tome and Principe.

2. Financial Action Task Force (FATF) has issued a further Statement dated October 16, 2009 on the subject (copy enclosed).

3. Regional Rural Banks 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.

4. Please advise the Principal Officer of your bank to acknowledge receipt of this circular letter to our Regional office concerned.

Yours faithfully,

(A.K.Pandey)
General Manager

Related posts:

1. Know Your Customer (KYC) Norms/ Anti- Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT)
2. KYC Norms/ AML Standards/Combating Financing of Terrorism/Obligation of Authorised Persons under PMLA, 2002, as amended by PML (Amendment) Act, 2009- Cross Border Inward Remittance under MTSS
3. KYC Norms/AML Standards/Combating Financing of Terrorism/Obligation of Authorised Persons under PMLA, 2002, as amended by PMLA (Amendment) Act, 2009- Money Changing Activities
4. Circular on Anti Money Laundering (AML) Standards/Combating Financing of Terrorism
5. RBI circular on combating Financing of Terrorism – Obligation of Banks under PMLA, 2002