Home › Circulars › RBI/2011-12/134

RRBs: Updated FATF Jurisdictions with AML/CFT Deficiencies

No longer current — withdrawn, no replacement on file yet
Source: Reserve Bank of India · RBI/2011-12/134 · issued 29 Jul 2011 · ~1 min read
Quick answerRBI directs RRBs to consider the latest FATF statement (June 24, 2011) listing jurisdictions with strategic AML/CFT deficiencies. Banks must factor this into their risk assessments and ensure compliance.

What changed

RBI forwarded a new FATF statement issued on June 24, 2011, updating the list of jurisdictions with strategic AML/CFT deficiencies. This supersedes the earlier FATF statement referenced in the April 1, 2011 circular. The FATF calls on these jurisdictions to complete their action plans within a specified timeframe.

What it means for you

RRBs must incorporate the updated FATF list into their AML/CFT risk assessment frameworks. This affects customer due diligence, transaction monitoring, and reporting obligations. Non-compliance could expose banks to regulatory action and reputational risk.

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, AML/CFT compliance teams

❓ 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 purpose of this circular?

It updates RRBs on the latest FATF statement identifying jurisdictions with strategic AML/CFT deficiencies, so banks can adjust their risk assessments and compliance measures.

What action is required from the Principal Officer?

The Principal Officer must acknowledge receipt of this circular to the RBI Regional Office concerned, as per paragraph 4 of the circular.

Does this replace the earlier April 2011 circular?

Yes, this circular provides an updated FATF statement from June 24, 2011, superseding the earlier one from April 1, 2011.

📜 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Repealed by RBI/2025-26/100 — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)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 #1442: RPCD.CO.RRB.AML.No.1203/03.05.28(A)/2011-12 — "Anti-Money Laundering (AML) / Combating of Financial Terrorism (CFT) - Standards" dated July 29, 2011”
📜 Read the original circular — full text as issued by RBI
RBI/2011-12/134 RPCD.CO.RRB.AML.No. 1203 /03.05.28 (A)/2011-12 July 29, 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.11332 /03.05.28 (A)/2010-11 dated April 01, 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 June 24, 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 RRBs 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 (C.D.Srinivasan) Chief General Manager Encls: As above
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2011-12/134 · issued 29 Jul 2011. The plain-English explanation above is BankPulse’s own independent summary.
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Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=6642&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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