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


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 Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.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


Today's Columnists

Warriors who fight for a larger purpose

Friday, 17 August 2018

Are women more naturally inclined to cooperation than men? Sulochana Sigera’s impassioned statement at last week’s Women in Management Awards seemed to suggest so. Addressing the under-representation of women decision-makers, Sigera pointed to th

Do we sink or swim? No Michael, row the boat ashore!

Friday, 17 August 2018

Why Sri Lanka needs to strengthen geopolitical ties to be a competitive global economy by 2030

Sri Lankan people want leaders to be decisive

Friday, 17 August 2018

The different leaders we have seen in Sri Lanka in the last 40 years beginning with JRJ to the current President were very different in their approach to power and authority, based on their cultural values and understandings of the leadership style.

The strategic role of the finance function: The path to relevance

Thursday, 16 August 2018

During my term as Global President of CIMA nearly a decade ago, the theme I chose for my year of leadership was a single word – ‘relevance’. The word relevance is perpetual. It is contextual to when it is used. It is extremely applicable to the

Columnists More