Home › Circulars › RBI/2011-12/142

UCBs: Updated FATF Jurisdictions List for AML/CFT Compliance

No longer current — withdrawn, no replacement on file yet
Source: Reserve Bank of India · RBI/2011-12/142 · issued 03 Aug 2011 · ~2 min read
Quick answerRBI directs all AD Category I Primary Urban Co-operative Banks to review and act on the latest FATF statement (June 24, 2011) identifying jurisdictions with strategic AML/CFT deficiencies. Banks must consider this information in their risk assessments and acknowledge receipt to their Regional Office.

What changed

FATF issued a new statement on June 24, 2011, updating the list of jurisdictions with strategic AML/CFT deficiencies. RBI has forwarded this statement to all AD Category I Urban Co-operative Banks, replacing the earlier list from May 2, 2011. Banks are now required to consider this updated information in their AML/CFT frameworks.

What it means for you

Urban Co-operative Banks must update their AML/CFT risk assessments to reflect the latest FATF-identified jurisdictions. This ensures alignment with global standards and helps mitigate risks of money laundering and terrorist financing. Non-compliance could expose banks to regulatory scrutiny and reputational damage.

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 AD Category I Primary (Urban) Co-operative Banks, Compliance Officers/Principal Officers of these banks, AML/CFT teams within these banks

❓ 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 FATF statement?

The FATF statement identifies jurisdictions with strategic deficiencies in their AML/CFT regimes. It calls on members to consider this information when assessing risks and applying countermeasures.

Do we need to take any action beyond acknowledging receipt?

Yes. Banks must consider the information in the statement for their AML/CFT risk assessments and update customer due diligence and monitoring processes as needed.

What happens if we do not comply?

Non-compliance may lead to regulatory action by RBI, including increased scrutiny or penalties, and could expose the bank to higher money laundering and terrorist financing risks.

📜 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 #1440: UBD.CO.BPD.(PCB).Cir.No.2/14.01.062/2011-12 — "Anti-Money Laundering (AML) / Combating of Financing of Terrorism (CFT) - Standards - Primary (Urban) Co-operat”
📜 Read the original circular — full text as issued by RBI
RBI/2011-12/142 UBD.CO.BPD (PCB) Cir.No. 2/14.01.062/2011-12 August 03, 2011 The Chief Executive Officer of All AD Category I Primary (Urban) Co-operative Banks Madam/Dear Sir, Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) – Standards – Primary (Urban) Co-operative Banks Please refer to our circular UBD. CO.BPD (PCB).Cir.No.8/14.01.062/2010-11 dated May 02, 2011 forwarding the Financial Action Task Force (FATF) Statement identifying a list of jurisdictions which gave 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 time frame. The FATF, in the Statement, has called upon its members to consider the information given in the Statement. 3. Urban Cooperative Banks are accordingly advised to consider the information contained in the enclosed Statement. 4. The Compliance Officer/Principal Officer of the bank should acknowledge receipt of this circular to our Regional Office concerned . Yours faithfully, (M. Nanda Kumar) General Manager Encl: As above
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2011-12/142 · issued 03 Aug 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=6654&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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