Sri Lanka, June 19 -- The Government has introduced new regulations aimed at strengthening the monitoring of outward remittances linked to import transactions through a Gazette Extraordinary issued under the Imports and Exports (Control) Act, No. 1 of 1969.

The Imports and Exports (Control) Regulations No. 06 of 2026, signed by President Anura Kumara Dissanayake on June 18, amend existing provisions and impose stricter requirements on banks and importers.

Under the new regulations, banks are required to assign a unique identification number to each remittance transaction and immediately provide detailed information to the Sri Lanka Customs. The information includes the importer's Taxpayer Identification Number (TIN), addresses of the r...