No longer current — withdrawn, no replacement on file yet
Source: Reserve Bank of India · RBI/2010-11/371 · issued 17 Jan 2011 · ~1 min read
Quick answerRBI advises all RRBs to consider the updated FATF statement (Oct 22, 2010) identifying jurisdictions with strategic AML/CFT deficiencies. Banks must factor this into their risk assessments and ensure Principal Officers acknowledge receipt.
What changed
FATF issued a statement on October 22, 2010, updating the list of jurisdictions with strategic AML/CFT deficiencies. RBI now advises RRBs to consider this updated information, building on the earlier September 9, 2010 circular that first forwarded the FATF list.
What it means for you
RRBs should incorporate the latest FATF intelligence into their AML/CFT risk frameworks, especially for cross-border transactions or relationships with entities from listed jurisdictions. The circular advises RRBs to consider the information in the enclosed statement.
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
Review the enclosed FATF statement dated October 22, 2010, and update your bank's AML/CFT risk assessment accordingly.
Ensure your Principal Officer formally acknowledges receipt of this circular to the concerned RBI Regional Office.
Incorporate the updated list of deficient jurisdictions into your transaction monitoring and customer due diligence processes.
Who it affects
All Regional Rural Banks (RRBs), Principal Officers of RRBs, AML/CFT compliance teams at RRBs
❓ Common questions
Regulatory timeline
Decoded by BankPulse2026-06-19 02:56 IST
repealed_by — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)
Status change: withdrawn03 Aug 2026, 04:00 IST
Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).
What is the key action required from RRBs under this circular?
RRBs must consider the information in the enclosed FATF statement (October 22, 2010) regarding jurisdictions with strategic AML/CFT deficiencies and ensure their Principal Officer acknowledges receipt to the RBI Regional Office.
Does this circular replace the earlier September 9, 2010 circular?
No, it builds on it. The earlier circular forwarded the initial FATF statement; this one provides an updated statement from October 22, 2010, which RRBs are advised to consider.
What happens if an RRB does not comply with this advisory?
The circular does not specify penalties or consequences for non-compliance.
📜 This document’s life story (1 recorded event, each backed by RBI’s own words)
Repealed byRBI/2025-26/100 — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)
📜 Read the original circular — full text as issued by RBI
RBI/2010-11/371
RPCD.CO.RRB.AML.No. 7861/03.05.28(A)/2010-11
January 17, 2011
The Chairmen
All Regional Rural Banks (RRBs)
Dear Sir,
Anti-Money Laundering (AML) / Combating of Financial Terrorism (CFT) - Standards
Please refer to our circular RPCD.CO.RRB.AML.No.3186/03.05.28(A)/2010-11 dated September 9, 2010 forwarding therewith 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 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 Regional Office concerned.
Yours faithfully,
(B.P.Vijayendra)
Chief General Manager
Encl: As above
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2010-11/371 · issued 17 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=6218&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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