Financial Intelligence Unit

 

The FIU-Sri Lanka was established in March 2006,  in terms of the provisions of the Financial Transactions Reporting Act No. 06 of 2006 (FTRA) under the Ministry of Finance and Planning.

The FIU functions as an independent institution within the Central Bank of Sri Lanka, in terms of the order made by H.E The President under the above Act.  Accordingly, overall objective of the FIU is to combat money laundering, terrorist financing and related crimes in Sri Lanka in line with international standards and best practices. Accordingly, overall objective of the FIU is to combat money laundering, terrorist financing and related crimes in Sri Lanka in line with international standards and best practices.

The FIU was reorganized as a Department in the Central Bank of Sri Lanka in February 2007, in order to enhance its operations and to act efficiently to discharge its statutory functions by leveraging on the policy-making and regulatory capabilities of the Central Bank of Sri Lanka.  

Sri Lanka’s Anti-Money Laundering & Countering the Financing of Terrorism (AML/CFT) regime comprises of three pieces of legislations;

(a) Convention on the Suppression of Terrorist Financing Act, No. 25 of 2005 (CSTFA).

(b) Prevention of Money Laundering Act, No. 5 of 2006 (PMLA).

(c) Financial Transactions Reporting Act, No. 6 of 2006 (FTRA).