Colombo, Sri Lanka, April 23 -- Ministry of Defence and Urban Development issued the following news release:
Sri Lanka has significantly strengthened its national security framework by placing renewed emphasis on Targeted Financial Sanctions (TFS), a critical tool used to disrupt the financing of terrorism and safeguard the country's financial system.
Targeted Financial Sanctions are special restrictions imposed on individuals or organizations believed to be involved in terrorism or financing of terrorism. These sanctions are designed to freeze financial and non-financial assets, restrict access to banking and economic resources, and prevent designated persons or entities from using the country's financial system for any kind of financial...