Hirunews Logo
Sri+Lanka+falls+short+in+global+rules+of+money+laundering
Sunday, 28 January 2018 - 13:23
Sri Lanka falls short in global rules of money laundering
1,714

Views
Sri Lanka has been placed under scrutiny for falling short of global rules on combatting money laundering and terrorist financing.

The Financial Action Task Force had placed Sri Lanka under 'monitoring' for 'strategic deficiencies," a classed among high risk and non-compliant countries.

The Financial Action Task Force (FATF) is an inter-governmental body established in 1989 by the Ministers of its Member jurisdictions.

The objectives of the FATF are to set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system.

The FATF is, therefore, a “policy-making body” which works to generate the necessary political will to bring about national legislative and regulatory reforms in these areas.
Make a Comment
Make a Comment

DOWNLOAD HIRUNEWS APP ON ANDROID & APPLE
HiruNews
News Image
Hiru News Programme Segments
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
1,122 Views
HiruNews
HiruNews
HiruNews
34,895 Views
HiruNews
HiruNews
HiruNews
14,904 Views
HiruNews
HiruNews
HiruNews
36,150 Views
HiruNews
HiruNews
HiruNews
96 Views
HiruNews
HiruNews
HiruNews
84,619 Views
Top