CB, Police to share intelligence information | Sunday Observer

CB, Police to share intelligence information

In terms of the provisions of the Financial Transactions Reporting Act, No. 6 of 2006 (FTRA), the Financial Intelligence Unit (FIU) of Sri Lanka entered into a Memorandum of Understanding (MoU) with Sri Lanka Police last week at the Central Bank of Sri Lanka to share information and intelligence to facilitate investigations and prosecutions on money laundering, terrorist financing and other related offences.

IGP Pujith Jayasundara and Dr. H. Amarathunga, Director, FIU signed the MoU on behalf of the respective institutions. Dr. Indrajit Coomaraswamy, the Governor of the Central Bank of Sri Lanka, who is also the Chairman of the Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) National Coordinating Committee was also present.

Money laundering and terrorist financing are internationally connected financial crimes which could threaten the stability of domestic as well as global economic and financial systems. The MoU would enable sharing intelligence and information which is vital for prevention, detection and prosecution of such offences.

The FIU has already entered into similar MoUs with the Sri Lanka Customs, the Department of Immigration and Emigration, the Department of Inland Revenue and the Department for Registration of Persons while arrangements are being made to sign MOUs with several other domestic government agencies.