No longer current — withdrawn, no replacement on file yet
Source: Reserve Bank of India · RBI/2013-14/519 · issued 13 Mar 2014 · ~1 min read
Quick answerRBI directs RRBs and co-operative banks to consider FATF's February 2014 update on high-risk jurisdictions. This does not block legitimate trade but requires enhanced vigilance. Principal Officers must acknowledge receipt to the regional office.
What changed
FATF updated its public statement and compliance document on February 14, 2014, regarding AML/CFT deficiencies in certain jurisdictions. RBI now requires RRBs and co-operative banks to factor this updated information into their risk assessments.
What it means for you
Banks must review FATF's latest list of high-risk jurisdictions and adjust their AML/CFT controls accordingly. While legitimate transactions are not prohibited, enhanced due diligence may be needed for dealings with these countries. The circular reinforces the importance of staying current with global AML standards.
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
Access and review FATF's updated statement and compliance document from the provided URLs.
Incorporate the updated jurisdiction information into your bank's AML/CFT risk assessment framework.
Ensure your Principal Officer acknowledges receipt of this circular to the respective RBI regional office.
Advise relevant staff on the updated FATF guidance without disrupting legitimate trade transactions.
Who it affects
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 10:33 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 prohibit transactions with the listed jurisdictions?
No, the circular explicitly states it does not preclude Indian banks from legitimate trade and business transactions with those countries and jurisdictions.
What action is required from the Principal Officer?
The Principal Officer must acknowledge receipt of this circular letter to the concerned RBI regional office.
Where can we find the updated FATF statement?
The statement and document are available at the URLs provided in the circular: http://www.fatf-gafi.org/media/fatf/documents/statements/Public-Statement-14-February-2014.pdf and http://www.fatf-gafi.org/topics/high-riskandnon-cooperativejurisdictions/documents/fatf-compliance-feb-2014.html.
📜 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 #938: RPCD.RRB.RCB.AML.No.10292/07.51.018/2013-14 — "Anti-Money Laundering (AML) / Combating of Financing of Terrorism (CFT) - Standards" dated March 13, 2014”
📜 Read the original circular — full text as issued by RBI
RBI/2013-14/519
RPCD.RRB.RCB.AML.No. 10292/07.51.018/2013-14
March 13, 2014
The Chairmen / CEOs of all Regional Rural Banks /
State and Central Co-operative Banks
Dear Sir/Madam,
Anti-Money Laundering (AML) / Combating of Financing of Terrorism (CFT) - Standards
Please refer to our letter RPCD.RRB.RCB.AML.No.6235/07.51.018/2013-14 dated December 10, 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 February 14, 2014 ( copy enclosed ). The statement / document can be accessed from the following URLs also :
http://www.fatf-gafi.org/media/fatf/documents/statements/Public-Statement-14-February-2014.pdf and
http://www.fatf-gafi.org/topics/high-riskandnon-cooperativejurisdictions/documents/fatf-compliance-feb-2014.html
3. All Regional Rural Banks and State / Central Co-operative Banks are accordingly advised to consider the information contained in the enclosed statement.
4. This, however, does not preclude Indian banks from legitimate trade and business transactions with these countries and jurisdictions.
5. Please advise your Principal Officer to acknowledge receipt of this circular letter to our regional office concerned.
Yours faithfully,
(A.G. Ray)
General Manager
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2013-14/519 · issued 13 Mar 2014. 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=8771&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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