SRI LANKA: FOREIGN EXCHANGE CONTROLS ON OUTWARD REMITTANCES EXTENDED BY ANOTHER 6 MONTHS

The Daily Mirror in Sri Lanka has reported that the Cabinet of Ministers has approved to extend foreign exchange controls on outward remittances for another 6 months to limit outflows to preserve foreign currency reserves while rolling back relaxing of certain regulations on inward remittances amid concerns over money laundering and terrorist financing.

http://www.dailymirror.lk/business-news/Exchange-controls-extended-by-another-6-months/273-190706

 

 

 

 

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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