Feb 06, Colombo: Amendments to the Convention on Suppression of Terrorist Financing Act No 25 of 2005 will be moved in Sri Lanka parliament today.
Article 3 (2) of the 2011 No: 11 draft Bill is to be removed in this amendment, sources say.
Amendments to the Act are carried out in order to keep with the recommendations of the Financial Action Task Force (FATF) of the G7 countries to eliminate the remaining deficiencies in the law.
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.
Minister of External Affairs Prof. G.L. Peiris will move the proposed amendment in the parliament.