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FATF Statement on AML/CFT Deficiencies: RRBs Must Act

No longer current — withdrawn, no replacement on file yet

Source: Reserve Bank of India · RBI/2010-11/459 · issued 01 Apr 2011 · ~1 min read

Quick answerRBI directs all Regional Rural Banks to review and act on the latest FATF statement identifying jurisdictions with strategic AML/CFT deficiencies, updating earlier guidance from January 2011.

What changed

FATF issued a new statement on February 25, 2011, calling on listed jurisdictions to complete their action plans within a timeframe. RBI now requires RRBs to consider this updated statement, replacing the earlier January 17, 2011 circular.

What it means for you

RRBs must stay current with FATF's evolving list of high-risk jurisdictions to avoid facilitating illicit flows. Non-compliance could expose banks to regulatory action and reputational risk. This reinforces the need for robust AML/CFT screening and reporting mechanisms.

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 February 25, 2011, and update your bank's risk assessment accordingly.
Ensure your Principal Officer acknowledges receipt of this circular to the respective RBI Regional Office.
Incorporate the updated FATF list into your transaction monitoring and customer due diligence processes.
Brief compliance and operations teams on the new jurisdictions and their action plan deadlines.

Who it affects

All Regional Rural Banks (RRBs), Principal Officers of RRBs, AML/CFT compliance teams at RRBs

❓ Common questions

Regulatory timeline

Decoded by BankPulse 2026-06-19 02:03 IST
repealed_by — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)
Status change: withdrawn 03 Aug 2026, 04:00 IST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 difference between this circular and the January 17, 2011 circular?

The January circular forwarded an earlier FATF statement; this April 1 circular forwards FATF's updated statement of February 25, 2011, which calls on listed jurisdictions to complete their action plans within a timeframe.

Do we need to take any action beyond acknowledging receipt?

Yes. You must consider the information in the enclosed FATF statement and update your AML/CFT controls accordingly. Acknowledgment to the RBI Regional Office is mandatory.

What happens if we ignore this directive?

Ignoring FATF updates can lead to regulatory non-compliance, increased risk of money laundering or terrorist financing exposure, and potential penalties from RBI.

📜 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 #1539: RPCD.CO.RRB.AML.No.11332/03.05.28(A)/2010-11 — "Anti-Money Laundering (AML) / Combating of Financial Terrorism (CFT) - Standards" dated April 1, 2011”

📜 Read the original circular — full text as issued by RBI

RBI/2010-11/459
 RPCD.CO.RRB.AML.No. 11332/03.05.28 (A)/2010-11
 April 01, 2011
 The Chairmen
 All Regional Rural Banks (RRBs)
 Dear Sir,
 Anti-Money Laundering (AML) / Combating of Financial Terrorism (CFT) - Standards 
 Please refer to our letter RPCD.CO.RRB.AML.No.7861 /03.05.28 (A)/2010-11 dated January 17, 2011 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 February 25, 2011 ( 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/2010-11/459 · issued 01 Apr 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=6319&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.