Central Bank instructs banks to monitor withdrawals
[TamilNet, Sunday, 02 December 2007, 17:38 GMT]
Sri Lanka's Central Bank has instructed all state and private banks to
maintain strict monitoring on persons withdrawing large sums of money
or receiving large deposits from overseas. The Central Bank has issued
this directive under the Suppression of Terrorism Financing,
Anti-Money Laundering and Financial Transaction Reporting Acts.
Meanwhile, permanent residents residing in Colombo and wishing to open
a bank account have been instructed to submit a copy of their police
registration with their applications.
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