President leads discussion on Sri Lanka’s Framework for Combating Money Laundering & Terrorism Financing
A high-level discussion on the critical preparations for Sri Lanka’s upcoming Mutual Evaluation (ME) by the Asia/Pacific Group on Money Laundering (APG) was held today (23) at the Presidential Secretariat under the patronage of President Anura Kumara Dissanayake.
The meeting focused on preventing money laundering and countering terrorism financing (AML/CFT) and included participation from cabinet ministers, ministry secretaries, officials from the Central Bank of Sri Lanka, and the Financial Intelligence Unit (FIU).
The FIU highlighted the urgent implementation of cabinet-approved action plans involving 24 key institutions, including regulatory bodies and law enforcement agencies. These plans prioritize legal reforms, capacity building, enhanced inter-agency cooperation, and maintaining comprehensive records to meet the Financial Action Task Force (FATF) recommendations effectively.
President Dissanayake directed the establishment of dedicated teams to ensure compliance and closely monitor progress. He emphasized the importance of collaboration and accountability in strengthening Sri Lanka’s AML/CFT framework.
He underscored the need for a robust and effective system to secure favourable evaluation outcomes, maintain financial stability, and bolster international confidence in the country’s economy
