Sri Lanka, Oct. 19 -- Central Bank Governor Dr. Nandalal Weerasinghe has expressed confidence that Sri Lanka will avoid being placed on the Financial Action Task Force (FATF) grey list for a third time as the country undergoes a crucial international assessment of its anti-money laundering and counter-terrorism financing framework.

Speaking at an Anti-Money Laundering and Anti-Corruption Thematic Fund event in Thailand, held on the sidelines of the IMF-World Bank Annual Meetings, Weerasinghe said Sri Lanka had undertaken extensive legal, regulatory and institutional reforms in preparation for the evaluation.

An on-site assessment by international evaluators began in Sri Lanka this week and is scheduled to continue for two weeks. The rev...