Sri Lanka has removed from FATF’s Grey List

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

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