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* Sri Lanka Financial Intelligence Unit, Department for Registration of Persons sign MOU to facilitate financial crime investigations
Wed, Jan 11, 2017, 08:55 pm SL Time, ColomboPage News Desk, Sri Lanka.

Jan 11, Colombo: In terms of the provisions of the Financial Transactions Reporting Act (FTRA), the Financial Intelligence Unit of Sri Lanka Central Bank has entered into a Memorandum of Understanding (MOU) with the Department for Registration of Persons on Wednesday to receive information in order to facilitate investigations and prosecutions on money laundering and terrorist financing.

Commissioner General, Department for Registration of Persons P, Viyani Gunathilake and Director, FIU H. Amarathunga signed the MOU on 11 January on behalf of the respective institutions in the presence of the Governor of the Central Bank of Sri Lanka Dr. Indrajit Coomaraswamy, who is also the Chairman of the Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) National Coordinating Committee.

The MOU would enable sharing information for the identification of persons suspected of being involved in money laundering and terrorist financing, which is vital for intelligence purpose.

Money laundering and terrorist financing are internationally connected financial crimes which could threaten the stability of global economic and financial system.

The FIU has already entered into similar MOUs with Sri Lanka Customs, Department of Immigration and Emigration and Department of Inland Revenue while arrangements are being made to sign MOUs with other relevant domestic government agencies for the above purpose soon, the Central Bank said.

 


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