Draft Bill for amending the Trust Ordinance
Based on the observations submitted by the Task Force on Prevention of Money Laundering and Financing for Terrorism, approval of the Cabinet of Ministers was granted at their meeting held on 18.12.2024 to amend the Trust Ordinance No. 9 of 1917 including amendments proposed by the Financial Intelligence Unit of the Central Bank of Sri […]
The Island Sri Lanka reports that a draft bill for amending the Trust Ordinance No. 9 of 1917 has been approved by the Cabinet of Ministers in Sri Lanka. This amendment includes proposals submitted by the Financial Intelligence Unit of the Central Bank of Sri Lanka, as recommended by the Task Force on Prevention of Money Laundering and Financing for Terrorism.
Following approval from the Attorney General, the Minister of Justice and National Integration has authorized the publication of the draft bill in the government gazette, initiating the process of submitting it to Parliament for approval.
Brief written by urgent.news from The Island Sri Lanka's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
