FIU
SL signs MoU with four foreign FIU's
The Financial Intelligence Unit of the Central Bank of Sri Lanka (FIU
- Sri Lanka) recently entered into Memoranda of Understandings (MoUs)
with Financial Information Unit of the Bank of Mongolia, Federal
Financial Monitoring Service of Russian Federation (FIU -Russia), Saudi
Arabia Financial Investigation Unit and Financial Crimes Enforcement
Network of USA (FIU - USA) to share financial information to facilitate
investigation and prosecution of persons suspected of Money Laundering
and Terrorist Financing (ML/TF) Financial Intelligence Unit relese said.
These MoUs have been entered into, in terms of the provisions of the
Financial Transactions Reporting Act No. 6 of 2006. Money Laundering and
Terrorist Financing are generally considered to be internationally
connected criminal activities.
Therefore, a greater coordination among Financial Intelligence
Authorities is needed to deal with these activities on a global basis.
Accordingly, FIUs across the world, adopt MoUs to cooperate with each
other with the exchange of information.
With the above MoUs, the total number of MoUs entered into by the FIU-
Sri Lanka, has increased to 20. The other MoUs are with Australia,
Belgium, Bangladesh, Canada, India,Malaysia, South Korea, Indonesia,
Philippines, Afghanistan, Nepal, Cambodia, Fiji,Slovenia, South Africa
and Solomon Islands. |