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Sri Lanka: FIU releases report on AML/CFT fines during 2019 and 2020

The Financial Intelligence Unit ('FIU') released, on 24 July 2020, its report on financial penalties ('the Report') under the Financial Transactions Reporting Act, No. 06 of 2006 concerning anti-money laundering and countering the financing of terrorism ('AML/CFT). In particular, the Report notes that during the year of 2019 it had imposed fines to the sum total of SRS 5 million (approx €23,000) and until May 2020 a sum total of SRS 1 million (approx €4,590). 

You can view the Report here