The Central Bank of Sri Lanka’s Financial Intelligence Unit (FIU) announced that eleven reporting institutions have been fined a total of Rs. 14.6 million for failing to comply with provisions of the Financial Transactions Reporting Act (FTRA), No. 6 of 2006 between October 2025 and March 2026. The FIU, acting as Sri Lanka’s regulator for Anti‑Money Laundering and Countering the Financing of Terrorism (AML/CFT), imposed administrative penalties under Sections 19(1) and 19(2) of the Act. The penalties were determined based on the nature and gravity of the non‑compliance identified at the institutions. The Central Bank confirmed that all money collected as penalties has been credited to the Consolidated Fund. According to the Central Bank, the enforcement action is part of ongoing efforts to strengthen compliance among reporting institutions and ensure the integrity of Sri Lanka’s financial system. (Newswire)
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