📈 APG Launches Sri Lanka's 3rd AML/CFT Mutual Evaluation

• Evaluation Scope: The Asia/Pacific Group on Money Laundering (APG) inaugurated Sri Lanka’s 3rd Mutual Evaluation to assess effective safeguards against money laundering, terrorism financing, and proliferation financing. • Key Priorities: Prime Minister Dr. Harini Amarasuriya emphasized that financial system strength relies on operational effectiveness rather than just laws. She identified corruption and public trust erosion in🏛️ APG Initiates Sri Lanka's 3rd AML/CFT Mutual Evaluation The Asia/Pacific Group on Money Laundering (APG) has officially launched Sri Lanka’s Third Mutual Evaluation on Anti-Money Laundering, Countering the Financing of Terrorism, and Countering Proliferation Financing (AML/CFT/CPF). • Key Focus & Assessment: The peer review evaluates the practical effectiveness of Sri Lanka's financial safeguards against financial crime and alignment with international standards, moving beyond mere regulatory existence. • Economic & Governance Impact: Prime Minister Dr. Harini Amarasuriya highlighted that corruption and eroding trust in State financial institutions pose major threats to economic and political stability. Strengthening transparency, accountability, and enforcement is vital to safeguarding national financial integrity and supporting overall economic resilience. • International Standing: The Government pledged full engagement with APG assessors to maintain the confidence of international business partners, global financial networks, and foreign investors. • Stakeholder Representation: The inaugural session was attended by PM Dr. Harini Amarasuriya, Digital Economy Deputy Minister Eranga Weeraratne, Central Bank Governor Dr. Nandalal Weerasinghe, the Ministry of Justice Secretary, and members of the Financial Intelligence Unit.