The Cabinet of Ministers has approved the National Policy on Preventing Money Laundering, Combating the Financing of Terrorism, and Countering Proliferation Financing in Sri Lanka 2026–2030.
The proposal was presented by President Anura Kumara Dissanayake, in his capacity as Minister of Finance, Economic Stabilization and National Policies.
The policy follows the country’s third National Risk Assessment on financial crimes conducted by the Financial Intelligence Unit of the Central Bank of Sri Lanka for the period 2024/25, in line with standards set by the Financial Action Task Force (FATF).
According to the government, money laundering, terrorism financing, and proliferation financing for weapons of mass destruction pose serious threats to both Sri Lanka’s economy and the global financial system.
With rapid technological advancement making transactions more complex, identifying and preventing methods used by criminals to conceal illicit activities has become increasingly challenging.
The new policy aims to strengthen Sri Lanka’s framework for tackling these risks, ensuring compliance with international standards and reinforcing public confidence in the country’s financial system. (Newswire)