### 📈 Sri Lanka Advances in AML/CFT Review; On-Site Evaluation Set for October

Sri Lanka has crossed three critical milestones in its third Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Mutual Evaluation process, according to the Financial Intelligence Unit (FIU) and the Central Bank of Sri Lanka (CBSL). • Key Milestones & Timeline • Feb 20: Submitted technical and contextual information to the Asia/Pacific Group (APG). • March 20: Met deadline to submit the Technical Compliance Report covering 40 FATF recommendations. • June 19: Deadline for the "Effectiveness Report" detailing practical framework performance. • Oct 26 – Nov 6: Scheduled on-site review by APG assessors. • July 2027: Final Mutual Evaluation Report expected to be adopted. • Legislative & Sector Progress • Amendments to three core laws (Financial Transactions Reporting, Prevention of Money Laundering, and Suppression of Terrorist Financing Acts) are now gazetted and await Parliamentary approval. • The evaluation impacts the banking & finance sector and private sector reporting entities, which will undergo direct scrutiny during the on-site visit. • Economic Impact Successful compliance is vital for maintaining correspondent banking relationships and investor confidence. The process is a key safeguard against potential "grey-listing" risks as the country pursues economic stabilization. Based on provisional data and official CBSL statements.