Sri Lanka Financial Intelligence Unit

APG Delegation Briefs Sri Lanka on March 2026 AML/CFT Mutual Evaluation

The Asia Pacific Group on Money Laundering (APG), a FATF regional body, conducted a high-level delegation visit to Sri Lanka in March 2025 to assist with preparation for Sri Lanka's 3rd Mutual Evaluation (ME) on Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT), scheduled to commence in March 2026. The delegation met with the Central Bank Governor (Chairman of the National Coordinating Committee on AML/CFT), Cabinet Ministers, and senior officials to discuss progress, challenges, and strategic priorities. The FIU serves as the national focal point for AML/CFT efforts involving 24 public stakeholders, financial institutions, and designated non-financial businesses and professions.

Administrative Penalties Rs. 3M on Indian Bank and Amana Takaful Life, Nov-Dec 2024

The Sri Lanka Financial Intelligence Unit imposed administrative penalties totaling LKR 3 million on two reporting institutions for violations of the Financial Transactions Reporting Act. Indian Bank was penalized LKR 2 million for failure to report EFT transactions exceeding LKR 1 million and failure to maintain updated designated persons lists. Amana Takaful Life PLC was penalized LKR 1 million for failure to maintain updated UN sanctions lists and failure to verify customers against updated designated lists under CDD Rules.