Sri Lanka’s National Policy and Action Plan on Anti-Money Laundering and Countering the Financing of Terrorism to be implemented

The Cabinet of Ministers approved the proposal presented by the President in his capacity as the Minister of Finance, Economic Stabilization and National policies to implement the Anti-Money Laundering and Countering the Financing of Terrorism National Policy for 2023-2028 in order to ensure that Sri Lanka is in compliance with the 40 recommendations introduced by the Financial Action Task Force.

The Financial Action Task Force is the intergovernmental body that sets international standards to prevent money laundering and terrorist financing

The 3rd mutual evaluation of Sri Lanka conducted by the Asia Pacific Regional Group on Money Laundering is scheduled to start from March 2025.