<h1>RBI Alerts NBFCs and RNBCs on FATF Updates for AML/CFT Standards; Urges Caution with Deficient Jurisdictions.</h1> The Reserve Bank of India (RBI) issued a communication to all Non-Banking Financial Companies (NBFCs) and Residuary Non-Banking Companies (RNBCs) regarding updates from the Financial Action Task Force (FATF) on Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) standards. The statement, dated December 28, 2012, advises these entities to consider the FATF's updated information on jurisdictions with deficiencies in their AML/CFT regimes. However, it clarifies that this guidance should not hinder legitimate trade and business activities with these jurisdictions.