Regulatory Alerts2025-01-01
SEC Directive on AML CFT CPF Compliance for the Securities Market
The Securities and Exchange Commission of Sri Lanka issued a directive requiring all market institutions and intermediaries to strictly comply with Anti-Money Laundering, Counter-Terrorist Financing, and Counter-Proliferation Financing regulations. This mandate enforces adherence to the Financial Transactions Reporting Act and relevant guidelines issued by the Financial Intelligence Unit of Sri Lanka to align with international FATF standards. The directive takes immediate effect and stipulates that any non-compliance will be addressed by the FIU or the SEC according to applicable laws.
Share