Sri Lanka, Oct. 29 -- Sri Lanka is currently under evaluation by the Financial Action Task Force (FATF) for loopholes in its legal system relating to terrorist financing.

The FATF, the global intergovernmental money laundering and terrorist financing watchdog, has dispatched a team to the country. Its representatives sought the views of Sri Lankan civil society representatives, particularly on the proposed legislation to monitor and regulate the activities of NGOs.

The Government's participation in the evaluation is led by the Financial Intelligence Unit (FIU) of the Central Bank. Representatives of civil society organisations running NGOs presented their views on the proposed bill. A member who participated in the meeting said that

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