Home / Front Page/ Cabinet gives nod to Committee on Money Laundering and Terrorism Financing Prevention

Cabinet gives nod to Committee on Money Laundering and Terrorism Financing Prevention


Comments / {{hitsCtrl.values.hits}} Views / Thursday, 17 May 2018 00:37


By Skandha Gunasekara

The Cabinet of Ministers this week gave its approval to make appointments to the National Coordinating Committee on Money Laundering and Terrorism Financing Prevention.

The proposal to widen the composition of the committee, which was submitted by Mass Media Minister Mangala Samaraweera, was approved by the Cabinet.

Accordingly, the Director General of the Commission to Investigate Allegations of Bribery or Corruption, the Commissioner General of the Department of Inland Revenue, Commissioner General of the Excise Department and representatives of the Ministry of Defense and the Ministry of National Policies and Economic Affairs are to be appointed to this Committee. 

Following recommendations by the Financial Task Force on Anti-Money Laundering earlier this year, the National Coordination Committee was established to combat money laundering, terrorism financing and other similar global offences.

 


Share This Article


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

Overlooking systemic crises: Subjecting to neoliberalism and potential hegemon – Part 3

Wednesday, 23 May 2018

Renegotiating a country’s position within the world-economy is only possible when the system and/or leaders are in trouble


Annuity-based PPP can expedite infrastructure developments

Tuesday, 22 May 2018

Sri Lanka has primarily relied on public finance for the development of public goods and infrastructure. While running


Is there value in surveillance? Ask the Chinese

Tuesday, 22 May 2018

Global commentary would suggest that surveillance (whether offline or online) casts a shadow on personal freedoms and any conversation that involves such spy games quite quickly descends into a 1984-esque discussion about dystopian futures. However,


Mangala’s Gam Peraliya: Good move but essential requirement a village level database

Monday, 21 May 2018

Finance Minister Mangala Samaraweera, announcing the Government’s decision to move for a flexible fuel price system based on international prices built into a pricing formula, made a side announcement as well.


Columnists More