🛡️ Sri Lanka Reviews Progress on 3rd AML/CFT Evaluation

• Overview: President Anura Kumara Dissanayake chaired a high-level meeting at the Presidential Secretariat to review Sri Lanka’s preparations for its Third Mutual Evaluation on Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT). • Key Institutional Framework: • Conducted by the Asia/Pacific Group on Money Laundering (APG) with ~25 domestic stakeholder bodies. • Main coordination handled by the Financial Intelligence Unit (FIU) under the Central Bank of Sri Lanka (CBSL). • President highlighted that active participation across both public sector and private sector entities is essential to safeguard national financial credibility. • Evaluation Scope & Timelines: • Assesses compliance with 40 FATF Recommendations and execution across 11 Immediate Outcomes. • Preparations intensified since 2023 ahead of the scheduled on-site assessment visit this year. • Economic Context: Timely implementation and compliance across banking, financial services, and capital markets remain critical to ensure uninterrupted cross-border financial operations and investor confidence.