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FIU Sri Lanka Director D.M. Rupasinghe and Senior DIG D.W.R.B. Seneviratne exchanging the agreement while other officials of the Central Bank, including Governor Dr. Indrajit Coomaraswamy, look on
In terms of the provisions of the Financial Transactions Reporting Act No. 6 of 2006 (FTRA), the Financial Intelligence Unit (FIU) of Sri Lanka has entered into an agreement with INTERPOL National Central Bureau for Sri Lanka (NCB Colombo) to obtain direct access to its information system.
The agreement was signed on 11 October, according to a statement released by the Central Bank.
Senior Deputy Inspector General of Police, Head of NCB Colombo, D.W.R.B. Seneviratne and FIU Director D.M. Rupasinghe signed the agreement on behalf of their respective institutions in the presence of Central Bank of Sri Lanka Governor Dr. Indrajit Coomaraswamy, who is also the Chairman of the Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) National Coordinating Committee, and Acting Inspector General of Police C.D Wickramaratne.
Money laundering and terrorist financing are internationally connected financial crimes which could threaten the stability of domestic as well as global economic and financial systems. The agreement will facilitate the gathering of intelligence and information vital for the prevention, detection and prosecution of such offences.
The FIU has already entered into Memoranda of Understanding with 39 foreign counterparts as well as 10 domestic agencies, namely, Sri Lanka Customs, Department of Immigration and Emigration, Department of Inland Revenue, Department for Registration of Persons, Sri Lanka Police, Securities and Exchange Commission of Sri Lanka, Insurance Regulatory Commission of Sri Lanka, Department of Motor Traffic, Condominium Management Authority and National Gem and Jewellery Authority in order to share information to strengthen the AML/CFT framework of the country.
