Follow-up report to Sri Lanka's assessment of anti-money laundering and counter-terrorist financing measures

APG-Follow-Up-Report-SriLanka-2020

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In 2015 APG assessed the effectiveness of Sri Lanka's measures to tackle money laundering and terrorist financing, and their compliance with the FATF Recommendations.

This follow-up report looks at the actions Sri Lanka has undertaken to address the weaknesses identified in the report and to meet the requirements of FATF Recommendations that have changed since their 2015 mutual evaluation and ensuing FURs.

To reflect the actions they have taken, Sri Lanka's technical compliance on Recommendations 14 and 15 has been re-rated:

  • Recommendation 14 is upgraded from non-compliant to largely compliant
  • Sri Lanka is re-rated to partially compliant with Recommendation 15 as there are moderate deficiencies with Sri Lanka’s implementation of R. 15

Sri Lanka will remain in enhanced follow-up, and will continue to report back to the APG on progress to strengthen its implementation of AML/CFT measures.

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