Central Bank FIU and Interpol to fight money laundering | Sunday Observer

Central Bank FIU and Interpol to fight money laundering

Director, FIU Sri Lanka, D. M. Rupasinghe and Head of NCB Colombo, SDIG D. W. R. B. Seneviratne exchange the agreement.
Director, FIU Sri Lanka, D. M. Rupasinghe and Head of NCB Colombo, SDIG D. W. R. B. Seneviratne exchange the agreement.

The Financial Intelligence Unit (FIU) of Sri Lanka entered into an agreement with Interpol National Central Bureau for Sri Lanka (NCB Colombo) at the Central Bank of Sri Lanka recently to obtain direct access to the Interpol Information System.

Senior Deputy Inspector General of Police, Head of NCB Colombo, D. W. R. B. Seneviratne and D. M. Rupasinghe, Director, FIU signed the agreement on behalf of the respective institutions.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 agreement would enable gather intelligence and information which is vital for prevention, detection and prosecution of such offences.

The FIU has already entered into Memoranda of Understanding with 39 foreign counterparts as well as 10 domestic agencies, namely, Sri Lanka Customs, Department of Immigration and Emigration, Department of Inland Revenue, Department for Registration of Persons, Sri Lanka Police, Securities and Exchange Commission of Sri Lanka, Insurance Regulatory Commission of Sri Lanka, Department of Motor Traffic, Condominium Management Authority and National Gem and Jewellery Authority in order to share information to strengthen the AML/CFT framework of the country.

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