Notifications

(25 kb)
UCBs - KYC Norms /AML Standards/Combating Financing of Terrorism

RBI/2010-11/246
UBD.BPD. (PCB).Cir. No.17/14.01.062/2010-11

October 25, 2010

The Chief Executive Officers of
All AD I Category Urban Co-operative Banks

(As per List enclosed)

Dear Sir / Madam,

Know Your Customer (KYC) Norms / Anti-Money Laundering (AML) Standards /
Combating of Financing of Terrorism (CFT)

Please refer to our circular UBD.BPD.(PCB) Cir.No.7/14.01.062/2010-11 dated August  12, 2010.  As part of its ongoing review of compliance with the AML/CFT standards, the Financial Action Task Force (FATF) has identified certain jurisdictions which have strategic AML/CFT deficiencies.

2. FATF, vide its statement dated June 25, 2010 (copy enclosed) has called upon jurisdictions listed in the statement to complete the implementation of their action plan within the timeframe. The FATF, in the statement has called upon its members to consider the information given in the statement.

3. All banks and All India Financial Institutions 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)
Deputy General Manager

Encl: As above.


List of AD I category UCBs

1.

Abhyudaya Co-operative Bank Ltd.
K.K. Tower, Abhyudaya Bank Lane,
Off. G.D. Ambekar Marg
Parel Village
MUMBAI 400 012

2.

Bharat Co-operative Bank (Mumbai) Bank Ltd.
Mohan Terrace, 64/72, Modi Street
Fort, MUMBAI 400 001

3.

Bombay Mercantile Co-operative Bank Ltd.
78, Mohammed Ali Road
MUMBAI 400 003

4.

Cosmos Co-operative Bank Ltd.
Cosmos Bank Building
612, New Sadashi Peth
Laxmi Road, Kunte Chowk
PUNE 411 030

5.

Saraswat Co-operative Bank Ltd.
Corporate Office, Mittal Court
`A' Wing, 1st Floor, Nariman Point
MUMBAI 400 021

6.

Shamrao Vithal Co-operative Bank Ltd.
SVC Tower, Jawaharlal Nehru Road, Vakola
Santacruz (East)
MUMBAI  400 055

7.

Kalupur Commercial Co-operative Bank Ltd.
Kalupur Bank Bhavan
Income Tax Circle, Ashram Road
Kalupur, AHMEDABAD 380 014


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