Sri Lanka has been removed from the “Grey List” of the international terror financing watchdog FATF. The Financial Action Task Force (FATF), whose five-day plenary concluded in Paris, France stated that Sri Lanka made significant progress in addressing the strategic AML/CFT deficiencies identified earlier.
In October 2016, the FATF announced that Sri Lanka will be subjected to a review of the International Cooperation Review Group (ICRG) of the terror financing watchdog to assess the progress of AML/CFT effectiveness in the country.
Static/Current Takeaways For IBPS PO/Clerk Mains 2019:
i. The headquarters of FATF is in Paris, France.
ii. FATF was founded in July 1989.
iii. Ranil Wickremesinghe is the current Prime Minister of Sri Lanka.
Source- The Hindu Business Line