CB ramps up fight against money laundering and terrorism financing View(s):By Damith WickremasekaraThe Central Bank will strengthen inter-agency frameworks for cooperation and coordination to combat money laundering and terrorist financing in line with the international standards recommended by the international intergovernmental body, the Financial Action Task Force (FATF), a senior government official said. There are no formal arrangements to coordinate activities related to money laundering. “There will be closer scrutiny of entities that are suspected to be engaged in money laundering, even in instances where they pay taxes. The FATF sets standards and promotes effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and the financing of proliferation, and other related threats to the integrity of the international financial system. The FATF recommendations set out a comprehensive and consistent framework of measures which countries should implement to combat money laundering and terrorist financing, as well as the financing of the proliferation of weapons of mass destruction.

Source: Sunday Times January 17, 2026 19:33 UTC