The Financial Intelligence Unit of the Central Bank of Sri Lanka (FIU Sri Lanka) signed a Memorandum of Understanding (MoU) with Japan Financial Intelligence Center (Financial Intelligence Unit of Japan) at a ceremony held in the Central Bank of Sri Lanka on 11 March 2013 to share financial information to facilitate investigations on money laundering and terrorist financing.
Money laundering and terrorist financing (ML/TF) are often internationally connected activities. Therefore, a greater coordination among financial intelligence authorities is needed to fight against these criminal activities. Hence, FIUs globally adopt MoUs to co-operate each other with the exchange of information. The MoU with JAFIC will, therefore, facilitate greater co-operation and co-ordination in exchange information between two FIUs.
The FIU Sri Lanka has signed MoUs with 20 FIUs so far with FIUs of Australia, Afghanistan, Belgium, Bangladesh, Canada, Cambodia, Fiji, India, Indonesia, Malaysia, Mongolia, Nepal, Philippines, Russian Federation, Slovenia, South Africa, Solomon Islands, South Korea, Saudi Arabia and United States of America.
These MoUs have been signed in terms of the provisions of the Financial Transactions Reporting Act No. 6 of 2006.