Sri Lanka removed from FATF Monitoring List

Sri Lanka has been removed from the FATF list of countries at risk for money laundering, Minister of Finance Mangala Samaraweera said. Speaking at a business conference in Colombo Minister Samaraweera said the Financial Action Task Force (FATF) in Paris on 18 October informed the removal of Sri Lanka's name from the blacklist commending the new measures taken by the country on financial security. 

 FATF welcomes Sri Lanka's significant progress in improving its AML/CFT regime and notes that Sri Lanka has strengthened the effectiveness of its AML/CFT regime

Sri Lanka is therefore no longer subject to the FATF’s monitoring process under its ongoing global AML/CFT compliance process. Sri Lanka will continue to work with APG to improve further its AML/CFT regime”.

By 2012, Sri Lanka was listed in the list as a dangerous country with no commitment to the financial security plan. Since 2016, the Government of Sri Lanka, together with the Central Bank and other financial institutions, has taken several measures to ensure the financial security of the country........................


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