August 27 2018
The Insurance Regulatory Commission of Sri Lanka (IRCSL) is to share information on money laundering and terrorist financing with the Financial Intelligence Unit (FIU) of the banking regulator.
The central bank said its FIU has entered into a Memorandum of Understanding with the Insurance Regulatory Commission to establish a framework for sharing information.
They will share supervisory findings based on comprehensive risk-based supervision focused on Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) in the insurance sector, a statement said.