Real estate agents, banking sector, and finance companies are identified as possessing medium high risk, a report showed.

The Financial Intelligence Unit (FIU) under the Central Bank of Sri Lanka said the overall money laundering terrorist finance risk for the country was assessed as Medium.

Sri Lanka has identified money laundering as one of the key issues that has led to deprive tax revenue to the government. Government officials say the recent tax hikes in line with the IMF conditions for a $3 billion loan has not raised the tax income as expected.