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Sri Lanka in link with Singapore to keep tabs on shady deals

ECONOMYNEXT – Sri Lanka’s Financial Intelligence Unit of the Central Bank linked up with Singapore’s suspicious transactions reporting office to share information on money laundering and terrorist financing.

"Money laundering and terrorist financing are internationally connected financial crimes that could threaten the stability of the global economic and financial system," the Central Bank said in a statement.

"Therefore, a global coordination among financial intelligence authorities is essential to fight against money laundering and terrorist financing."

The deal will "facilitate the exchange of information related to investigations and prosecutions of money laundering and terrorist financing," the statement said. (Colombo/Sept22/2016)

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