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Sri Lanka – Out of FATF
October 24 , 2019
1862 days
1488
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- The FATF (Financial Action Task Force) has removed Sri Lanka from its ‘Grey List”.
- The FATF grouping monitors Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) procedures of member countries.
- The FATF is an inter-governmental body established in 1989 on the initiative of the G7
- It aims to combat money laundering, terrorist financing and other related threats to the integrity of the international financial system.
- The FATF Secretariat is housed at the OECD (Organisation for Economic Co-operation and Development) headquarters in Paris.
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