Sri Lanka, Aug. 7 -- The Financial Intelligence Unit (FIU) has penalised two licensed casino operators and a state-owned bank for lapses in anti-money laundering and counter-terrorist financing compliance, collecting a total of Rs.6.5 million (US $ 22,000) in fines during the first half of 2025, the Central Bank said.

Bally's Limited and Bellagio Limited were each fined Rs.1.5 million in March for failing to carry out the basic customer due diligence, including verifying the customers against the United Nations sanction lists and maintaining proper records of identity documents and business transactions. The companies also lacked mechanisms to monitor the suspicious activity or reassess risk when the sanction lists were updated.

The FIU...