Home › Circulars › RBI/2010-11/194

RRBs must act on FATF's AML/CFT deficiency list

No longer current — withdrawn, no replacement on file yet
Source: Reserve Bank of India · RBI/2010-11/194 · issued 09 Sep 2010 · ~1 min read
Quick answerRBI directs all Regional Rural Banks to review and act on FATF's June 25, 2010 statement identifying jurisdictions with strategic AML/CFT deficiencies. Banks must ensure their Principal Officer acknowledges receipt to the regional office.

What changed

FATF identified certain jurisdictions with strategic AML/CFT deficiencies and called on them to complete action plans within a timeframe. RBI now requires all RRBs to consider the information in FATF's June 25, 2010 statement and ensure compliance.

What it means for you

RRBs must stay alert to FATF's list of high-risk jurisdictions and adjust their KYC/AML procedures accordingly. This circular reinforces that RRBs are expected to actively monitor and mitigate risks from cross-border transactions or accounts linked to those jurisdictions.

Historical instruction — do not use for current compliance. This is what was required at the time; it no longer reflects current RBI requirements. If no replacement rule is linked above, that only means none is recorded on our register yet — it does not prove no later applicable rule exists. Confirm on the official RBI source below.

What banks were required to do at the time

Who it affects

All Regional Rural Banks (RRBs), Principal Officers of RRBs, Compliance and AML teams at RRBs

❓ Common questions

Regulatory timeline

Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).

What is the FATF statement referenced in this circular?

FATF issued a statement on June 25, 2010 identifying jurisdictions with strategic AML/CFT deficiencies and called on them to complete action plans within a timeframe. The statement is enclosed with the RBI circular.

Do RRBs need to take any immediate action beyond acknowledging receipt?

Yes, RRBs must consider the information in the FATF statement and adjust their KYC/AML procedures accordingly. Acknowledging receipt to the regional office is a procedural step, but the core requirement is to act on the AML/CFT risks.

📜 This document’s life story (1 recorded event, each backed by RBI’s own words)
Repealed by RBI/2025-26/100 — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)
RBI’s words: “Official withdrawal register entry #1611: RPCD.CO.RRB.AML.No.3186/03.05.28(A)/2010-11 — "Know Your Customer (KYC) Norms / Anti-Money Laundering (AML) Standards / Combating of Financing of Terrorism (C”
📜 Read the original circular — full text as issued by RBI
RBI/2010-11/194 RPCD.CO.RRB.AML.No. 3186 /03.05.28(A)/2010-11 September 9, 2010 The Chairmen All Regional Rural Banks (RRBs) Dear Sir, Know Your Customer (KYC) Norms/ Anti- Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT) As part of its ongoing review of compliance with the AML/CFT standards, the Financial Action Task Force (FATF) has identified certain jurisdictions which have strategic AML/CFT deficiencies. 2. FATF, vide its statement dated June 25, 2010 ( copy enclosed ) has called 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. 3. All Regional Rural Banks are accordingly advised to consider the information contained in the enclosed statement. 4. Please advise Principal Officer of your bank to acknowledge receipt of this circular letter to our concerned Regional Office. Yours faithfully, (B.P.Vijayendra) Chief General Manager Encl: As above
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2010-11/194 · issued 09 Sep 2010. The plain-English explanation above is BankPulse’s own independent summary.
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BankPulse Compliance Evidence Pack — generated 03 Aug 2026 · status cross-checked against RBI’s official withdrawal register (refreshed weekly).
Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=5985&Mode=0 — Plain-English summary by BankPulse (bankpulse.ai), reviewed by our expert reviewer, CA Amit Jain. Independent platform, not affiliated with the Reserve Bank of India; is our own plain-English paraphrase, not RBI’s original wording.
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