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Saturday, February 09, 2013 - 5.15 GMT

Terrorist Financing Act passed

 

Parliament yesterday approved the draft bill to amend the Convention on Suppression of Terrorist Financing Act No 25 of 2005 without a vote after its Third Reading in Parliament.

The draft bill when presented to parliament Wednesday got hung up in the definition of the word 'terrorist' when the opposition pointed out that the word 'terrorist' had not been defined clearly.

The Leader of the House and Minister Nimal Siripala de Silva clarified to the House who a terrorist is today and according to the Minister's definition, a terrorist is a person who is directly or indirectly involved in any terrorist activity or a person who aids and abets him.

The Act is amended to prevent collection of funds for terrorist organizations.

Sri Lanka has provided a high-level written commitment to work with the Financial Action Task Force (FATF), an organization that combats international money laundering and terrorist financing, to implement corrective measures to adequately criminalize money laundering and terrorist financing



 

 
 
   
   
     
   
   

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Last modified: February 11, 2013.

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