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ARTICLE · 19 MARCH 2026

Banking & Finance Digest March 16, 2026

AK & Partners
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Reserve Bank of India (“RBI”) issued a press release informing regulated entities of the Financial Action Task Force (“FATF”) updates released on February 13, 2026, regarding jurisdictions with strategic deficiencies in anti-money laundering...

IndiaFinance and Banking
Anuroop Omkar
Anuroop Omkar

1. Regulatory Updates

1.1. India

Reserve Bank of India (RBI)

1.1.1. RBI flags FATF updates on high-risk and monitored jurisdictions

Reserve Bank of India (“RBI”) issued a press release informing regulated entities of the Financial Action Task Force (“FATF”) updates released on February 13, 2026, regarding jurisdictions with strategic deficiencies in anti-money laundering and counter-terrorist financing frameworks. RBI noted that the FATF’s statement on the Democratic People’s Republic of Korea and Iran adopted in February 2020 remains in effect, while Myanmar continues to remain on the list of high-risk jurisdictions subject to a call for action, with FATF requiring enhanced due diligence measures proportionate to the risk, while ensuring that humanitarian assistance, legitimate non-profit organisation activity and remittances are not disrupted. RBI also highlighted that Kuwait and Papua New Guinea have now been added to the list of jurisdictions under increased monitoring,

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