Sri Lanka Financial Intelligence Unit (FIU), under the Central Bank, has signed an agreement with Oman’s National Center for Financial Information (NCFI) to share information about money laundering and terrorist financing.
The agreement, signed under Sri Lanka’s Financial Transactions Reporting Act, allows both countries to exchange data about suspicious financial activities, especially those involving international crime networks.
According to the Central Bank, such partnerships are important in tackling global crimes like money laundering and terror financing, which often involve several countries.
NCFI-Oman actively collects and investigates financial reports possibly linked to criminal activities. Similarly, Sri Lanka FIU leads the country’s efforts to detect and prevent illegal financial transactions.
This new agreement brings Sri Lanka total number of international intelligence-sharing partnerships to 46. Sri Lanka’s FIU and Oman’s NCFI officially signed the MoU on July 9 during the Egmont Group’s 31st Plenary in Luxembourg.
Both agencies also plan to conduct joint training sessions and workshops in the future to enhance the skills of their analysts and investigators. These capacity-building efforts aim to improve the detection of emerging threats, ensure timely responses to suspicious activity, and promote a stronger, more coordinated global approach to tackling financial crimes.
The collaboration also emphasizes the importance of secure and timely communication between financial intelligence units. By leveraging advanced technology and secure data-sharing protocols, both FIU-Sri Lanka and NCFI-Oman aim to ensure that sensitive information is exchanged efficiently while maintaining high standards of confidentiality and data protection. This step aligns with global standards set by the Egmont Group and strengthens regional cooperation against illicit financial flows.
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