The Asia/Pacific Group on Money Laundering (APG) completed an onsite visit to Sri Lanka as part of its ongoing mutual evaluation, examining how the country’s anti-money laundering, counter-terrorist financing and counter-proliferation financing framework operates in practice.
Over two weeks, the assessment team held 67 meetings with government agencies, competent authorities, civil society and private sector representatives. It examined Sri Lanka’s understanding of money laundering, terrorist financing and proliferation financing risks, alongside the effectiveness of measures to detect, investigate and prosecute financial crime and recover criminal assets. The assessment also covered targeted financial sanctions, supervision of reporting entities, and domestic and international cooperation.
The team will continue its analysis and prepare a mutual evaluation report for consideration and adoption by APG members at the 2027 APG Annual Meeting.