Sri Lanka’s FIU Fines Bally’s, Belagio Casino’s Under Anti-Money Laundering Laws

Sri Lanka’s FIU fines Bally’s, Belagio casino’s under anti-money laundering laws

ECONOMYNEXT – The Financial Intelligence Unit (FIU) at the Central Bank of Sri Lanka has taken fined a bank and two casinos, Bellagio and Bally’s, for failing to follow the country’s Anti-Money Laundering and Counter-Terrorism Financing laws. Between January and June 2025, the FIU imposed a total of Rs. 6.5 million in penalties under the powers given to it by the Financial Transactions Reporting Act (FTRA(, the Central Bank said in a statement. …

Administrative Penalties imposed by the Financial Intelligence Unit (FIU) on Reporting Institutions from January to June 2025 - Lanka Business News

By virtue of the powers vested under Section 19 (1) read together with section 19 (2) of the Financial Transactions Reporting Act, No. 6 of 2006 (FTRA), financial penalties are imposed on Institutions for non-compliance with the provisions of the FTRA. The penalty may be prescribed by taking into consideration the nature and gravity of relevant non-compliances of the Institutions. Accordingly, as Sri Lanka’s regulator for Anti-Money Laundering …

Administrative Penalties imposed by the Financial Intelligence Unit (FIU) on Reporting Institutions from January to June 2025 | Central Bank of Sri Lanka

By virtue of the powers vested under Section 19 (1) read together with section 19 (2) of the Financial Transactions Reporting Act, No. 6 of 2006 (FTRA), financial penalties are imposed on Institutions for non-compliance with the provisions of the FTRA. The penalty may be prescribed by taking into consideration the nature and gravity of relevant non-compliances of the Institutions. FULL TEXT Published Date: Wednesday, August 6, 2025