FATF Statement on AML/CFT Deficient Jurisdictions (June 24, 2011)
No longer current — withdrawn, no replacement on file yet
Source: Reserve Bank of India · RBI/2011-12/139 · issued 03 Aug 2011 · ~1 min read
Quick answerRBI advises State and Central Co-operative Banks to consider the FATF's June 24, 2011 statement on jurisdictions with AML/CFT deficiencies. Banks must ensure their Principal Officer acknowledges receipt to the concerned RBI Regional Office.
What changed
RBI forwarded a new FATF statement from June 24, 2011, updating the list of jurisdictions with strategic AML/CFT deficiencies. This replaces the earlier April 27, 2011 communication and calls for timely implementation of action plans by listed jurisdictions.
What it means for you
Cooperative banks must consider the updated FATF list as advised by RBI. Non-compliance could expose banks to regulatory action and reputational risk from dealing with high-risk 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
Review the enclosed FATF statement and consider the information in your AML/CFT policies.
Ensure your Principal Officer acknowledges receipt of this circular to the concerned RBI Regional Office.
Who it affects
State Co-operative Banks, Central Co-operative Banks, Principal Officers of these banks
❓ Common questions
Regulatory timeline
Decoded by BankPulse2026-06-18 23:48 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 FATF statement about?
It identifies countries with strategic deficiencies in anti-money laundering and combating financing of terrorism frameworks, urging them to complete action plans within set timelines.
Do we need to take any action beyond acknowledging receipt?
Yes, you must consider the information in the statement and adjust your AML/CFT controls as appropriate.
📜 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Repealed byRBI/2025-26/100 — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)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/2011-12/139
RPCD.CO.RCB.AML.No.1286/07.02.12/2011-12
August 3, 2011
The Chairmen / CEOs of all State / Central Co-operative Banks
Dear Sir,
Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards
Please refer to our letter RPCD.CO.RCB.AML.No.12293/07.02.12/2010-11 dated April 27, 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 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,
(C.D.Srinivasan)
Chief General Manager
Encl: As above
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2011-12/139 · issued 03 Aug 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=6651&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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