Global anti money laundering body confirms Lanka’s compliance status

The Financial Action Task Force (FATF), the global policy/standard setter on Anti Money Laundering and Countering the Financing of Terrorism (AML/CFT) with 36 member countries and regional organisations, has determined that Sri Lanka is a country that is compliant with their standards, at its meeting on 22 February 2013.

“This determination is expected to improve global investor confidence, since Sri Lanka is now fully compliant with regulations on preventing money laundering and terrorist financing,” the Central Bank said yesterday.