Sri Lanka’s Drug Traffic-Led Money Laundering, Terrorism Financing Threats up in 2024/25: FIU

Unregulated Crypto Market Raises Money Laundering Concerns in Sri Lanka - LNW Lanka News Web

Sri Lanka’s expanding interest in digital currencies is drawing attention from financial watchdogs, as regulators warn that an unregulated virtual asset market could open new pathways for illicit financial activity. Recent findings from the Financial Intelligence Unit and the Central Bank of Sri Lanka highlight growing vulnerabilities linked to cryptocurrency usage in the country. The concerns emerge from the National Risk Assessment on Money La…

Sri Lanka’s drug traffic-led money laundering, terrorism financing threats up in 2024/25: FIU

Sri Lanka Faces Escalating Threats of Drug-Related Money Laundering and Terrorism Financing: FIU Report

The threat level of money laundering through drug trafficking and terrorism financing in Sri Lanka has seen an increase for the years 2024/25, according to a report by the Financial Intelligence Unit (FIU) of the Central Bank. This report, part of the National Risk Assessment (NRA) for 2024/25, was prepared in collaboration with 86 governmental organizations, regulatory bodies, and private sector institutions. This assessment, the country’s thir…

The Financial Intelligence Unit of Sri Lanka Releases the Executive Summary of the National Risk Assessment on Money Laundering, Terrorist Financing and Proliferation Financing – 2024/25 | Central Bank of Sri Lanka

Sri Lanka has successfully completed the National Risk Assessment (NRA) 2024/25 on Money Laundering (ML), Terrorist Financing (TF) and Proliferation Financing (PF), in collaboration with a total of 86 governmental organizations, regulatory bodies and private sector institutions. Around 200 experts from these institutions contributed to this mammoth national task. This is the country’s third NRA and under this assessment, it was aimed at identify…