No longer current — withdrawn, no replacement on file yet
Source: Reserve Bank of India · RBI/2012-13/146 · issued 30 Jul 2012 · ~1 min read
Quick answerRBI directs RRBs and co-operative banks to review FATF's June 2012 update on high-risk jurisdictions. Banks must consider the updated statement but can continue legitimate trade. Principal officers must acknowledge receipt to their regional office.
What changed
FATF updated its public statement and compliance document on June 22, 2012, listing jurisdictions with AML/CFT deficiencies. RBI's July 2012 circular asks RRBs and co-operative banks to factor this update into their risk assessments, replacing the earlier March 2012 guidance.
What it means for you
Banks must align their AML/CFT screening with FATF's latest list of non-cooperative jurisdictions. While legitimate business is not barred, enhanced due diligence may be needed for transactions involving these countries. Non-compliance could expose banks to regulatory scrutiny.
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 FATF's June 22, 2012 statement and incorporate it into your AML/CFT risk framework.
Ensure your principal officer acknowledges receipt of this circular to the concerned RBI regional office.
Update transaction monitoring systems to flag dealings with newly listed high-risk jurisdictions.
Train staff on enhanced due diligence for customers or transactions linked to these jurisdictions.
Who it affects
All Regional Rural Banks (RRBs), State Co-operative Banks, Central Co-operative Banks, Principal Officers of these banks
❓ Common questions
Regulatory timeline
Decoded by BankPulse2026-06-18 18:34 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).
Does this circular ban transactions with the listed jurisdictions?
No. The circular explicitly states it does not preclude legitimate trade and business transactions with these countries. However, banks must apply enhanced scrutiny based on FATF's updated guidance.
What should the principal officer do after receiving this circular?
The principal officer must acknowledge receipt of the circular letter to the concerned RBI regional office, as advised in paragraph 5 of the circular.
Where can we access the updated FATF statement?
The statement is available at the URLs provided in the circular: http://www.fatf-gafi.org/documents/repository/fatfpublicstatement-22june2012.html and the related compliance document link.
📜 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)
RBI’s words: “Official withdrawal register entry #1250: RPCD.CO.RRB.RCB.AML.No.838/03.05.28(A)/2012-13 — "Anti-Money Laundering (AML) / Combating of Financing of Terrorism (CFT) - Standards" dated July 30, 2012”
📜 Read the original circular — full text as issued by RBI
RBI/2012-13/146
RPCD.CO.RRB.RCB.AML.No.838/03.05.28(A)/2012-13
July 30, 2012
The Chairmen/CEOs,
All Regional Rural Banks and State /Central Co-operative Banks
Dear Sir,
Anti-Money Laundering (AML) / Combating of Financing of Terrorism (CFT) - Standards
Please refer to our circular RPCD.CO.RRB.RCB.AML.No.9177/07.02.12/2011-12 dated March 15, 2012 on risks arising from the deficiencies in AML/CFT regime of certain jurisdictions.
2. Financial Action Task Force (FATF) has updated its Statement on the subject and document ‘Improving Global AML/CFT Compliance: on-going process’ on June 22, 2012 ( copy enclosed ). The statement / document can be accessed from the following URL also :
http://www.fatf-gafi.org/documents/repository/fatfpublicstatement-22june2012.html and
http://www.fatf-gafi.org/topics/high-riskandnon-cooperativejurisdictions/documents/improvingglobalamlcftcomplianceon-goingprocess-22june2012.html
3. All Regional Rural Banks/ State and Central Co-operative Banks are accordingly advised to consider the information contained in the enclosed statement.
4. This, however, does not preclude Indian banks or financial institutions from legitimate trade and business transactions with these countries and jurisdictions.
5. 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/2012-13/146 · issued 30 Jul 2012. 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=7473&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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