SRI LANKA GETS TECH SAVVY TO KEEP MONEY LAUNDERERS AT BAY
July 2nd, 2009
BY MUNZA MUSHTAQ
SRI LANKA, which saw an end to its quarter-century-long war recently, is stepping up efforts against money laundering and terrorist financing by introducing technologically savvy software. The initiative is led by the Sri Lankan Banks Association (SLBA), which includes retail, commercial banks and licensed specialised banks.
Although Sri Lanka has not reported major money laundering incidents in recent times, terrorist financing continued to loom large in the island nation's fight with the Liberation Tigers of Tamil Eelam (LTTE), with many ...
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