CDSL Circular on - FATF Public Statements after June 2025 Plenary

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Date of Issue:10-7-2025              

Issuer: CDSL

FATF Public Statements after June 2025 Plenary

Highlights of CDSL Circular dated July-10-2025

DPs are advised to refer communique CDSL/PMLA/DP/POLCY/2025/244 dated April 11, 2025.

SEBI vide its email dated July 09, 2025, has shared the following information about FATF Public Statements after June 2025 plenary.

1. As part of the on-going efforts to identify and work with jurisdictions with strategic AML / CFTdeficiencies, FATF has released Public Statements after June 2025 Plenary.
   
   

The link to these public statements on FATF’s website are as follows:

https://www.fatf-gafi.org/en/publications/High-risk-and-other-monitored-jurisdictions/increased- monitoring-june-2025.html

https://www.fatf-gafi.org/en/publications/High-risk-and-other-monitored-jurisdictions/Call-foraction-june-2025.html 

2. It is highlighted that following review, FATF now also identifies Bolivia and British Virgin Islands (BVI) as new jurisdictions subject to increased monitoring. Croatia, Mali and Tanzania are no longer subject to FATF increased monitoring.
   The links and pdfs of the above-mentioned FATF public statements issued after June 2025 Plenary are herewith forwarded to provide the details of action taken, if any, at the earliest as the same is required to be intimated to Department of Revenue, Ministry of Finance (DoRMoF).
   
   
3. It is also advised to the DPs that the regulated entities, with these countries and jurisdictions,should not be precluded from legitimate trade and business transactions.

With respect to the aforementioned “FATF Public Statements” and as directed by SEBI to Exchanges / Depositories, a written confirmation as per the Template (Refer Annexure) is required from the Depository Participant confirming that the required actions are taken and complied with.

Actions may include:

1. Carrying out appropriate due - diligence on existing clients.
2. Making sure that appropriate alert mechanisms have been put in place to identify the business relationships and transactions with the said jurisdictions.
3. Any other measures necessary to effectively implement the action required.

In view of the above, DPs are mandatorily required to furnish the information as on date through audit login http://auditweb.cdslindia.com/login.aspx latest by July 26, 2025 as per the procedure mentioned below:

Steps to submit the FATF Template:

1. Login to http://auditweb.cdslindia.com/login.aspx  (DP Login)
2. Select Audit Type – FATF Public statement.
3. Select Audit Month – June 2025
4. Select DP: Select your DPID and Confirm
5. Select appropriate option in ‘Column 1’ and ‘Column 2’:
6. In case DPs do not have any beneficiary account or branches/service centre from the jurisdiction given in the template then DP may select ‘we do not have any demat account/branches from the said jurisdiction.” in ‘column 1’ & ‘Not Applicable’ in column 2’ of the template.
7. Save
8. Submit to CDSL

In case of any clarification or assistance required in the implementation of this circular, you may contact       

Kaushik Jethwa - kau...@secmark.in / 9870210171

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