⚖️ Supreme Court Clears Key Anti-Terrorist Financing & Financial Reporting Bills

• Legal & Compliance: Speaker Dr. Jagath Wickramaratne announced the Supreme Court’s determinations on two critical financial regulatory bills, crucial for Sri Lanka's international compliance and economic integrity. • Terrorist Financing Bill: The "Convention on the Suppression of Terrorist Financing (Amendment)" Bill was ruled fully consistent with the Constitution and can proceed through Parliament. • Financial Transactions Reporting: The "Financial Transactions Reporting (Amendment)" Bill can be passed by a simple majority, with the exception of Clause 22 and Clause 39, which require a special majority. • Proposed Amendments: The Supreme Court noted that if Clause 22 and Clause 39 are amended as proposed by the Court, the entire Financial Transactions Reporting Bill can then be passed by a simple majority.