Press briefing of Cabinet Decision taken on 2018-05-15

Appointment of new members to the Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) National Coordinating Committee (NCC)

- The Financial Intelligence Unit (FIU) in Sri Lanka was established in 2006 under the Ministry of Finance and with the introduction of the National Anti‑Money Laundering (AML) and Countering the Financing of Terrorism Policy, it was renamed as the Anti-Money Laundering and Countering the Financing of Terrorism National Coordinating Committee (NCC). With the development of technology, the financial crimes becoming complex from day to day and the coordination with various Government institutions has become an essential factor in order to face them successfully. Accordingly, the proposal made by Hon. Mangala Samaraweera, the Minister of Finance and Mass Media, to expand the composition of the National Coordinating Committee of the Anti-Money Laundering and Countering the Financing of Terrorism, for the inclusion of the Commissioner General of Inland Revenue, the Commissioner General of the Department of Excise, Director General of Commission to Investigate Allegation of Bribery or Corruption and the representatives of the Ministry of Defence and the Ministry of National Policies and Economic Affairs, as well, was approved by the Cabinet.