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National Policy on Anti-Money laundering & countering financing of terrorism

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Financial Intelligence Unit established as per the provisions of the Financial Transactions Reporting Act, No. 6 of 2006 and operating as a department of the Central Bank enforces provisions to prevent money laundering, financing of terrorism and other illegal activities as defined in the Act.

The Financial Action Task Force is the intergovernmental body that sets international standards to prevent money laundering and terrorist financing.

The Financial Action Task Force has introduced 40 recommendations to be implemented by all countries.

Accordingly, the Asia Pacific Regional Group on Money Laundering, the regional body of the Financial Action Task Force, is evaluating whether Sri Lanka is complying with the recommendations of the Financial Action Task Force.

The 3rd mutual evaluation of Sri Lanka conducted by that Asia Pacific Regional Group on Money Laundering is scheduled to start from March 2025.

Accordingly the Cabinet of Ministers approved the proposal presented by the President in his capacity as the Minister of Finance, Economic Stabilization and National policies to implement the Anti-Money Laundering and Countering the Financing of Terrorism National Policy for 2023-2028 in order to ensure the situation in Sri Lanka and to implement action plans that include the tasks to be performed by the respective institutions as a solution to the identified weaknesses in preventing money laundering and combating the financing of terrorism.

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Indictments filed against 12 including Keheliya

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The Attorney General has filed indictments against 12 individuals, including former Health Minister Keheliya Rambukwella, at the Colombo Permanent Three-Judge High Court today (June 26) over the procurement of substandard antibody vaccines.

The charges relate to a controversial vaccine deal that allegedly involved irregularities and compromised public health safety during Rambukwella’s tenure as Minister of Health.

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Ex- Health secretary arrested

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Former Secretary to the Ministry of Health – Janaka Sri Chandragupta, was arrested today (June 26) by officers of the Commission to Investigate Allegations of Bribery or Corruption (CIABOC).

He was taken into custody after appearing before the CIABOC this morning to provide a statement regarding an ongoing investigation.

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CMC inaugural session disrupted over agenda dispute

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The inaugural session of the Colombo Municipal Council was held today (26) under the patronage of newly appointed Mayoress Vraie Cally Balthazaar.

In her opening remarks, Mayoress Balthazaar outlined the future vision and priorities of the Council. Deputy Mayor Hemantha Kumara also addressed the gathering.

However, the session faced immediate controversy after opposition members raised concerns over the legality of the meeting agenda. Samagi Jana Balawegaya (SJB) Councilor Roy Bogahawatte objected, stating that the agenda had not been shared with members four days in advance, as required by the Municipal Council Ordinance, but instead was distributed just moments before the session began.

In response, both the Mayor and Municipal Commissioner Palitha Nanayakkara admitted the procedural lapse during the open session and assured members that such a mistake would not be repeated.

Further objections were raised by SJB Councilor Mahendra Silva, who warned that appointing standing committees based on an improperly issued agenda would render those appointments invalid. He proposed that the session be adjourned and reconvened on another date.

Following this, Deputy Mayor Hemantha Kumara suggested a temporary adjournment. Acting on that proposal, Mayoress Balthazaar adjourned the session for ten minutes.

(dailynews.lk)


(This story, originally published by dailynews.lk has not been edited by SLM staff)

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