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FATF Statement on AML/CFT Deficient Jurisdictions

No longer current — withdrawn, no replacement on file yet
Source: Reserve Bank of India · RBI/2010-11/365 · issued 11 Jan 2011 · ~1 min read
Quick answerRBI directs banks to consider FATF's October 2010 statement on jurisdictions with strategic AML/CFT deficiencies and complete action plans within set timeframes.

What changed

FATF issued a new statement on October 22, 2010, updating its list of jurisdictions with strategic AML/CFT deficiencies. Banks and All India Financial Institutions are now advised to consider this updated information.

What it means for you

Banks must stay vigilant about jurisdictions flagged by FATF for weak anti-money laundering and counter-terrorism financing controls. This affects customer due diligence, transaction monitoring, and cross-border relationships.

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 Scheduled Commercial Banks (excluding RRBs), Local Area Banks, All India Financial Institutions

❓ 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 about?

It identifies jurisdictions with strategic deficiencies in anti-money laundering and combating financing of terrorism (AML/CFT) regimes and calls for action plans to be completed within a timeframe.

Do we need to take any action beyond acknowledging receipt?

Yes, you must consider the information in the statement and integrate it into your AML/CFT risk management, including enhanced due diligence for transactions involving those jurisdictions.

📜 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Repealed by RBI/2025-26/100 — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)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 #1565: DBOD.AML.No.10858/14.01.038/2010-11 — "Anti-Money Laundering (AML) / Combating of Financing of Terrorism (CFT) - Standards" dated January 11, 2011”
📜 Read the original circular — full text as issued by RBI
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. 2. 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. 3. All banks and All India Financial Institutions 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. Yours faithfully, (Vinay Baijal) Chief General Manager Encl: As above
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2010-11/365 · issued 11 Jan 2011. 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=6212&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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