FATF AML/CFT Compliance Update for RRBs and Co-op Banks
No longer current — withdrawn, no replacement on file yet
Source: Reserve Bank of India · RBI/2013-14/123 · issued 05 Jul 2013 · ~2 min read
Quick answerRBI directs RRBs and cooperative banks to review FATF's June 2013 update on high-risk jurisdictions. Banks must consider the updated statement but can still conduct legitimate trade with those countries. Principal Officers must acknowledge receipt to RBI regional offices.
What changed
FATF updated its public statement and compliance document on June 21, 2013, regarding jurisdictions with AML/CFT deficiencies. RBI now requires all RRBs and state/central cooperative banks to factor in this latest information. The earlier circular from March 15, 2013, is referenced but not explicitly superseded; banks should consider the updated statement.
What it means for you
Banks must stay current with FATF's evolving list of high-risk jurisdictions to avoid regulatory penalties. While legitimate transactions are not banned, enhanced due diligence may be needed for customers or transactions linked to these countries. Non-compliance could expose banks to reputational and supervisory risks.
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 the two linked URLs for the updated list of non-compliant jurisdictions.
Ensure your AML/CFT policies and screening systems incorporate the latest FATF designations.
Instruct your Principal Officer to acknowledge receipt of this circular to the concerned RBI regional office.
Who it affects
Regional Rural Banks (RRBs), State Cooperative Banks, Central Cooperative Banks, Principal Officers of these banks
❓ Common questions
Regulatory timeline
Decoded by BankPulse2026-06-18 14:02 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 all transactions with the listed jurisdictions?
No. The circular explicitly states it does not preclude legitimate trade and business transactions with those countries. However, banks must consider the FATF information and apply appropriate risk mitigation measures.
What should our Principal Officer do after receiving this circular?
The Principal Officer must send an acknowledgment of receipt to the relevant RBI regional office, as specified in paragraph 4 of the circular.
Where can we find the updated FATF statement?
The circular provides two URLs: one for the FATF public statement and another for the compliance document, both updated on June 21, 2013. A physical copy was also enclosed with the circular.
📜 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 #1065: RPCD.RRB.RCB.AML.No.342/07.51.018/2013-14 — "Anti-Money Laundering (AML) / Combating of Financing of Terrorism (CFT) - Standards" dated July 5, 2013”
📜 Read the original circular — full text as issued by RBI
RBI/2013-14/123
RPCD.RRB.RCB.AML.No. 342/07.51.018/2013-14
July 05, 2013
The Chairmen / CEOs of all Regional Rural Banks /
State and Central Co-operative Banks
Dear Sir,
Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards
Please refer to our letter RPCD.CO.RRB.RCB.AML.No.9753/07.51.018/ 2012-13 dated March 15, 2013 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 21, 2013 ( copy enclosed ). The statement / document can be accessed from the following URLs also:
http://www.fatf-gafi.org/topics/key/public-statement-june-2013.html
and
http://www.fatf-gafi.org/topics/high-riskandnon-cooperativejurisdictions/documents/compliance-june-2013.html
3. All Regional Rural Banks and State / Central Co-operative Banks are accordingly advised to consider the information contained in the enclosed statement. This, however, does not preclude Indian banks or financial institutions from legitimate trade and business transactions with these countries and jurisdictions.
4. Please advise Principal Officer of your bank to acknowledge receipt of this circular letter to our Regional Offices concerned.
Yours faithfully,
(A. Udgata)
Principal Chief General Manager
Encl: As above
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2013-14/123 · issued 05 Jul 2013. The plain-English explanation above is BankPulse’s own independent summary.
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.
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=8216&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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