Financial Action Task Force may blacklist SL

The Argentine Seminar of the International Financial Action Task Force has decided to add Sri Lanka into the blacklist allegedly for its inactive failure to stop the inflow of the funds to the terrorists, Parliamentarian Dr. Bandula Gunawardena said.

As the funds are a vital factor for the spread of terrorism the International Financial Task Force had alerted Sri Lanka on four points on a previous occasion. The Finance Intelligence Unit of the Central Bank of Sri Lanka executed its duties responsibly during the former government, he said.

Government has also been inattentive to the contents of three reports presented covering these matters. The annual average number of 750 reports on suspicious finance transactions has increased to 1,022 in 2018, he further said.