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CBSL impose penalties on three financial institutions


Tuesday, 12 January 2021 - 15:48
The Central Bank of Sri Lanka stated that by the virtue of the powers vested under Section 19 (1) read together with section 19 (2) of the Financial Transactions Reporting Act, No. 06 of 2006 (FTRA), financial penalties are imposed on Institutions for non-compliance with the provisions of the FTRA.
The penalty may be prescribed taking into consideration the nature and gravity of relevant non-compliance of the Financial Institution or the Designated Non-Finance Business.
Accordingly, as the regulator for Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) in the country, the FIU imposed penalties amounting to Rs. 2.3 million in total for the period from 01 June 2020 to 31 December 2020 to enforce compliance on Financial Institutions. The Monetary Board of the Central Bank of Sri Lanka decided to publish the penalties imposed on the Financial Institutions by the FIU in order to improve the AML/CFT compliance level i ....

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MFA issues clarification regarding repatriation process of migrant workers


Friday, 08 January 2021 - 16:13
Releasing a statement, the Ministry of Foreign Affairs has stated that they will facilitate the repatriation without any financial burden on Sri Lankans. 
Free of charge
Foreign Secretary Jayanath Colombage clarified that the role of the Missions is strictly confined to organizing repatriation flights for returnees who are tested on arrival, offered all logistical support, and are quarantined at Government facilities free of charge.
Explaining further, they stated the returnees are drawn from the list of overseas Sri Lankans registered in the Missions and Posts and repatriated depending on their vulnerability levels and on a “first come first serve basis“. ....

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Recommendation to import four COVID vaccines to SL


Friday, 25 December 2020 - 9:55
The Medical Research Council has stated that it will hold discussions with the Health Ministry and several other relevant parties to reach a final decision regarding the COVID vaccine which will be imported to Sri Lanka. They noted that currently, attention is being paid to four COVID vaccines manufactured overseas.
A senior official of the council informed the Hiru News team that it is expected to import all the four vaccines that were recommended.
Meanwhile, the Medical Research Council stated that the focus is mainly on the AstraZeneca-Oxford vaccine due to the fact that it can be kept in normal temperatures. ....

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