News

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

Published

2 months ago

August 8, 2023

editor

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.

News

Fmr. SDIG gets 5-yr. jail term

Published

2 hours ago

September 25, 2023

editor

The Ratnapura High Court has sentenced former Senior DIG Lalith Jayasinghe for five-year imprisonment for intimidating Kahawatte OIC not to arrest MP Premalal Jayasekera over a shooting incident.

Ratnapura High Court also ordered the convict to pay a fine of Rs. 20,000.

The shooting incident took place during the 2015 Presidential election campaign.

News

Notice on issuing revenue licenses in WP

Published

5 hours ago

September 25, 2023

editor

The Department of Motor Traffic has decided to temporarily suspend the issuing of revenue licenses in the Western Province due to a system update.

According to the department, the services will be unavailable from this Wednesday (September 27) to next Monday (October 02).

The Motor Traffic Department said in a statement that vehicles of which revenue licenses are expiring from Tuesday, September 26 can be renewed until October 10, without fines.

Meanwhile, the online service for revenue licenses was temporarily suspended from midnight yesterday (September 24) and will remain so until Friday, October 06.

The department added that the temporary service suspension was due to an update on the system maintained by the Information and Communication Technology Agency of Sri Lanka.

News

CID ordered to hand over Schaffter’s remains to family

Published

5 hours ago

September 25, 2023

editor

The Colombo Additional Magistrate has ordered the Criminal Investigation Department (CID) to hand over the remains of late businessman Dinesh Schaffter to his family as postmortem examinations have been concluded.

The specialist doctors’ committee appointed to compile a report on Schaffter’s death had informed the courts that the relevant investigation activities have been concluded, and that the remains of the late businessman can be released.

Furthermore, Additional Magistrate Rajindra Jayasuriya, also pointed out that the five-member expert committee headed by Prof. Asela Mendis, which was appointed by the court to compile a report on Schaffter’s death has informed the court that their judicial investigations have been completed.

Accordingly, the Additional Magistrate, who stated that the expert committee has requested the court to issue an order for the release of Schaffter’s remains, ordered the CID to hand over the body to his family under the supervision of Prof. Clifford Perera and Judicial Medical Officer P.R. Ruwanpura.

Later, the case was also ordered to be recalled on October 09, 2023.

(Source : adaderana.lk)