Chief Justice calls for an anti-money laundering regime

Saturday, 14 May 2011 00:32 - - {{hitsCtrl.values.hits}}

Chief Justice Asoka De Silva yesterday called for the implementation of an anti-money laundering regime to detect and prevent financing of terrorists.

Speaking during the South Asian Judges Regional Forum on Economic and Financial Crime in Colombo, De Silva said Sri Lanka has been a victim of terrorist financing and suffered immensely during the three decade long armed conflict.

According to the Chief Justice, Sri Lanka has made a considerable headway in this regard in the year 2006, with the enactment of three laws — The Convention on the Suppression of Terrorist Financing Act, The Prevention of Money Laundering Act, and the Financial Transactions Reporting Act.

Nevertheless, De Silva has called for an anti-money laundering regime as a measure to fight global terrorism.