Cabinet nod for new committee to prevent money laundering and terrorism financing

May 16, 2018 (LBO) - Sri Lanka's cabinet of Ministers has approved to widen the composition of National Coordinating Committee for preventing money laundering and terrorism funding. "Since the number of financial crimes have increased with the expansion of technology, better coordination among Government institutions is essential to face this situation successfully," a government statement said. Committee members will include; Commissioner General of the Department of Inland Revenue, Commissioner General of the Department of Exercise, Director General of Bribery Commission and representatives of Ministry of Defence and Ministry of National Policies and Economic affairs.