The Central Depository Services (India) Limited (CDSL) on March 13, 2026, issued circular regarding the FATF Public Statements After February 2026 Plenary.
Depository Participants (DPs) are advised to refer to the earlier communiqué regarding AML/CFT compliance. Following the February 2026 plenary, the Financial Action Task Force (FATF) released updated public statements identifying jurisdictions with strategic deficiencies in anti-money laundering and counter-terrorist financing frameworks.
After the latest review, Kuwait and Papua New Guinea have been newly placed under increased monitoring. The updated FATF statements have been shared with DPs so that they can review the developments and take any necessary compliance actions.
DPs are required to review these updates and report the actions taken, if any, to the Department of Revenue under the Ministry of Finance at the earliest. However, entities are also advised that legitimate trade and business transactions with the mentioned jurisdictions should not be restricted solely based on this monitoring status.
Further, as directed by Securities and Exchange Board of India, DPs must submit a written confirmation in the prescribed template (Annexure) to confirm that the required actions have been taken and that compliance with the FATF public statements has been ensured.
[Circular No. CDSL/PMLA/DP/POLCY/2026/178]
