Lankapage Logo Recent Top Stories
CP 13 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka to amend Terrorist Finance Act
Fri, Aug 24, 2012, 12:54 pm SL Time, ColomboPage News Desk, Sri Lanka.

Aug 24, Colombo: Sri Lanka's Cabinet has given approval to the government to instruct the Legal Draftsman to draft amendments to the Convention on Suppression of Terrorist Financing Act No 25 of 2005.

Cabinet Spokesman and Media Minister Keheliya Rambukwella said the cabinet has approved a proposal made by Minister of External Affairs Prof. G.L. Peiris to amend the Act in keeping with the recommendations of the Financial Action Task Force of the G 7 countries to eliminate the remaining deficiencies in the law.

Explaining the government's decision to amend the act, the Cabinet Spokesman has said that to take action to suppress financing terrorism a legal framework is required and the proposed amendments are the first step of the process.

The Sri Lankan government, responding to the threat from overseas LTTE organization, has launched legislative efforts focused on limiting financial support for the remnants of LTTE.

Sri Lanka has provided a high-level written commitment to work with the Financial Action Task Force (FATF), an organization that combats international money laundering and terrorist financing, to implement corrective measures to adequately criminalize money laundering and terrorist financing.



ColomboPage - Recent 10 Stories
IMF says considering Sri Lanka's request for funding depends on certain conditions
-- [2 hours ago]
Committee seeks proposals from public on a pension scheme for new recruits
-- [2 hours ago]
Major General Milinda Peiris appointed new Chief of Staff in the Army
-- [2 hours ago]
Case against Lalith Weeratunga and Anusha Palpita postponed for April 29
-- [3 hours ago]
Tamil Nadu CM calls Indian government to take action for a permanent solution to the fishermen issue
-- [4 hours ago]
Sri Lanka to issue US$ 75 million development bonds
-- [4 hours ago]
No foreign influence on government, Sri Lankan President assures
-- [4 hours ago]
South Africa, Oman naval ships arrive in Sri Lanka Colombo Port
-- [5 hours ago]
Sri Lanka's Laugfs acquires mini hydropower plant for Rs. 200 million
-- [5 hours ago]
India invites Sri Lankan students for Self-Financing Professional Courses
-- [6 hours ago]

Copyright © 2000, 2012 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.