Tuesday, 19 September 2023 09:13

Sri Lanka’s overall money laundering risk rated as “medium Featured

Sri Lanka’s overall money laundering and terrorism financing risk has been rated as “medium” as per the national assessment done by the Financial Intelligence Unit of the Central Bank of Sri Lanka.

This was revealed by the Financial Intelligence Unit of the Central Bank of Sri Lanka (CBSL) via the publication of the sanitized report of the 2021/2022 National risk Assessment on Money Laundering and Terrorism Financing.

The CBSL published the sanitized report of the 2021/22 National Risk Assessment on Money Laundering and Terrorist Financing which was developed based on the assessment conducted by its Financial Intelligence, together with public and private sector stakeholders.

The National Risk Assessment identified drug trafficking, bribery and corruption, customs related offences including laundering of trade-based proceeds, as the most prevalent predicate offences, where the money laundering threat was rated as medium high.

 

 

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