CBSL’s FIU ties up with Registrar General’s Dept

On Aug 11, 2024

Tab on money laundering, terrorism financing related crimes
MoUs signed with 45 foreign parties, 15 LG bodies

The Central Bank’s Financial Intelligence Unit (FIU) has entered into an MoU with the Registrar General’s Department to enable them to obtain information regarding any suspicious trusts and property registrations taking another step forward to prevent money laundering, terrorism financing and related crimes.

The Financial Intelligence Unit will be facilitated to obtain relevant information regarding trusts, registrations and any related suspicious activities directed to the Registrar General’s Department.

The Financial Intelligence Unit, being able to obtain such information is vital for the prevention, detection, investigation and prosecution of money laundering, terrorist financing and related crimes.

The Central Bank’s Financial Intelligence Unit Director Dr.Subhani Keerthiratne and Registrar General W.R.A.N.S.T. Wijayasinghe signed the MoU on behalf of their respective organisations.

The Financial Intelligence Unit of the Central Bank of Sri Lanka has currently signed MoUs to exchange information with 45 foreign parties and 15 Local Government institutions with the aim of obtaining information to strengthen the legal frameworks to combat money laundering and funding for terrorism.

Central Bank of Sri Lanka Governor Dr.Nandalal Weerasinghe said establishing a very strong information receiving link will help to enforce the law against fraudulent and suspicious activities, including the financing of terrorism.

Among the government agencies with which the Financial Intelligence Unit has entered into MoUs to obtain information on suspicious transactions and activities are Sri Lanka Customs, Sri Lanka Police, Immigration and Emigration Department, Inland Revenue Department, Persons Registration Department, Sri Lanka Excise Department and Commission to Investigate Bribery or Corruption.

The post CBSL’s FIU ties up with Registrar General’s Dept appeared first on DailyNews.