Home › Circulars › RBI/2012-13/160

AML/CFT Standards Update for Urban Co-op Banks

No longer current — withdrawn, no replacement on file yet
Source: Reserve Bank of India · RBI/2012-13/160 · issued 03 Aug 2012 · ~1 min read
Quick answerRBI directs Primary Urban Co-operative Banks to consider FATF's June 2012 updated statement on AML/CFT compliance and high-risk jurisdictions. Banks must stay informed but can continue legitimate trade with those countries.

What changed

FATF updated its public statement and compliance document on June 22, 2012, regarding global AML/CFT deficiencies. RBI now requires urban co-operative banks to factor this updated information into their AML/CFT risk assessments.

What it means for you

Urban co-operative banks must align their AML/CFT due diligence with the latest FATF list of high-risk and non-cooperative jurisdictions. This does not block legitimate business but demands enhanced scrutiny. Banks should update their internal risk frameworks and ensure compliance teams are aware of the revised FATF guidance.

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, Principal Officers of these banks, 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).

Does this circular prohibit transactions with countries mentioned in the FATF statement?

No, the circular explicitly states it does not preclude legitimate trade and business transactions with those countries or jurisdictions.

What is the key action required from the bank's Principal Officer?

The Principal Officer must acknowledge receipt of this circular to the concerned RBI Regional Office.

Where can we access the updated FATF statement?

The statement is enclosed with the circular and also available on the FATF website at the URLs provided in the circular.

📜 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Repealed by RBI/2025-26/100 — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)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 #1242: UBD.BPD(AD)Cir.No.1/14.01.062/2012-13 — "Anti-Money Laundering (AML) / Combating of Financing of Terrorism (CFT) - Standards - Primary (Urban) Co-operative Ba”
📜 Read the original circular — full text as issued by RBI
RBI/2012-13/160 UBD.BPD (AD) Cir.No. 1 /14.01.062/2012-13 August 3, 2012 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 (AD) Cir.No.6/14.01.062/2011-12 dated April 20, 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. Primary (Urban) Co-operative Banks are accordingly advised to consider the information contained in the enclosed Statement. 4. This, however, does not preclude Primary (Urban) Co-operative Banks from legitimate trade and business transactions with these countries and jurisdictions. 5. The Principal Officer should acknowledge receipt of this circular to our Regional Office concerned.  Yours faithfully, (P. K. Arora) General Manager Encl: As above
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2012-13/160 · issued 03 Aug 2012. The plain-English explanation above is BankPulse’s own independent summary.
🧰 Tools — save, print, templates & related
Most relevant forCompliance TeamKYC / AML AnalystBranch Operations (Accounts / FD / CASA)Internal AuditSenior Management / BoardBranch Manager — PSU / Co-op / RRB (sanctioning powers)
🛠 Banker’s toolkit — checklists & reply templates →
Related circulars · Department of Regulation
SFB Pillar 3 Disclosure Norms Aligned with BaselUCB Deposit Rate Disclosure & Uniformity Rules UpdatedLAB Deposit Rate Disclosure & Uniformity Rules TightenedPayments Banks: Interest Rates Must Match Disclosed ScheduleRBI Updates Bulk Deposit Rate Rules and Disclosure Timing
Browse all departments →

💬 Banker Discussion

Discuss this circular with fellow bankers — reply, upvote what helps, report what doesn’t belong. Be professional; no client data. Views are the commenter’s own, not BankPulse’s.

Loading comments…
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=7492&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.
Public beta — plain-English informational summaries. Always verify against the official RBI source (circular number cited on every page) before making compliance, credit, treasury, audit, or operational decisions. · Join our WhatsApp channel ↗
—