Sri LankaIn an investigation led by the International Criminal Police Organization dubbed Operation Flycatcher II, authorities in Sri Lanka arrested six people for alleged terrorist-related activities.
The Asia/Pacific Group on Money Laundering published a sixth follow-up report concerning the progress made by Sri Lanka to strengthen its anti-money laundering and counterterrorist financing regime, highlighting efforts to better detect cross-border transportation of currency.
Banks wade into cryptocurrency after years of reluctance, former FIFA and UEFA leaders indicted in Switzerland, and more, in the midweek roundup.
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Senior U.S. Justice Department official pledges tougher prosecutions of white-collar criminals, record whistleblower award may prompt more reports of corporate malfeasance, and more, in the weekly roundup.
The Financial Intelligence Unit of the Central Bank of Sri Lanka issued a Rs500,000 financial penalty against the Colombo, Sri Lanka-based financial institution for failure to comply with the Financial Institutions (Customer Due Diligence) Rules, No. 1 of 2016.
The Central Bank of Sri Lanka’s Financial Intelligence Unit imposed a Rs1 million administrative penalty against the Colombo, Sri Lanka-based financial institution for failure to comply with the Financial Institutions (Customer Due Diligence) Rules, No. 1 of 2016.
| Technical | Effectiveness |
|---|---|
| Compliant : 7 | High : 0 |
| Largely Compliant : 25 | Substantial : 1 |
| Partially Compliant : 7 | Moderate : 1 |
| Non-Compliant : 1 | Low : 9 |
No longer a "graylisted" country as of Oct. 18, 2019. Sri Lanka's technical compliance was most recently re-rated in a Nov. 8, 2021 follow-up report
| Rank : 23/141 |
| Score : 6.52/10 |
| Rank : 93/180 |
| Score : 38/100 |
| Rank : 39/133 |
| Score : 72/100 |