On 4 November, FATF-style regional body APG published the 6th follow-up report following the original mutual evaluation report of 2015. As is usual with such reports, technical compliance only is dealt with, and the report does not analyse any progress Sri Lanka has made to improve its effectiveness. In keeping with the APG procedures, any reported developments with effectiveness are only presented in summary form and are not subject to analysis. Following the 2015 MER, Sri Lanka was placed in expedited enhanced follow-up. The report notes that t Sri Lanka has taken steps to improve its technical compliance and as a result of this progress, Sri Lanka has been re-rated on Recommendation 32. However, insufficient progress has been made to justify a re-rating of 40. Sri Lanka now has 32 Recommendations rated C/LC. It will remain in enhanced followup, and will continue to report back to the APG on progress to strengthen its implementation of AML/CFT measures, with the 7th progress report due on 1 June 2022.
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