Govt introduces new framework to combat money laundering and terror financing
SriLanka, July 14 -- The Cabinet of Ministers has granted approval for the implementation of the National Policy on Anti-Money Laundering, Countering the Financing of Terrorism (AML/CFT) and Countering Proliferation Financing (CPF) of Sri Lanka for the period 2026-2030.
Financial crimes, including money laundering, terrorist financing, and the financing of the proliferation of weapons of mass destruction, continue to pose significant risks to Sri Lanka's economy, financial stability, and the integrity of the global financial system.
With the rapid advancement of technology and the increasing complexity of financial transactions, the identification, tracing, and freezing of assets derived from criminal activities have become increa...
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