FIU imposes Rs. 4 Mn penalties for 1Q 2021 to enforce compliance on Financial Institutions

As the regulator for Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) in Sri Lanka, the Financial Intelligence Unit (FIU) has imposed penalties, totaling to Rs. 4.0 million for the period from 1 January 2021 to 31 March 2021 to enforce compliance on Financial Institutions. Penalties have been imposed mainly on the violations of […]