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CPA Statement on the Proposed Bills tabled on 9 April 2026
09 April 2026 The Centre for Policy Alternatives (CPA) notes the publication of the Convention on the Suppression of Terrorist Financing (Amendment) Bill, Financial Transactions Reporting (Amendment) and the Prevention of Money Laundering (Amendment) Bill in March 2026. Of these Bills the Convention on the Suppression of Terrorist Financing (Amendment) Bill and the Financial Transactions Reporting (Amendment) Bill were tabled in Parliament today [9th April 2026]. This statement will focus only on the bills tabled in Parliament. The purpose of these Bills is to ostensibly comply with the requirements of the Financial Action Task Force (FATF), which is the global standard setting body for anti-money laundering and combating the financing of terrorism (AML/CFT). There are significant concerns as to how successive governments have used the FATF framework as cover to undermine rights of free association and expression. As such these latest amendments need to be viewed with heightened scrutiny. CPA’s concerns around the Bill relate to both the contents and the law-making process. On process, CPA notes that these bills were not open to the public and stakeholders for any meaningful consultative process. Additionally, the timing raises questions. The bills were tabled in Parliament days prior to the Sinhala and Tamil new year holidays and when sittings of court have been suspended. In terms of the Constitution, citizens now have a limited window of two weeks to challenge the constitutional consistency of these complicated bills before the Supreme Court. This is not the first-time governments have rushed through important legislation, severely limiting the public and other stakeholders to engage with and challenge proposed laws and raising questions of the intention of the government in the speed with which this has been done. CPA raises these points when the Supreme Court’s jurisdiction does not allow the Court to consider the policy implications of the proposed bills or their desirability. CPA further notes that the proposed bills consist of numerous problematic provisions which include:, the broad definition of offences, the expansion of the powers granted to the financial intelligence unit including the enhancement of investigative powers with limited judicial oversight, especially in the context of the Financial Transactions Reporting (Amendment) Bill. This provision places significant burdens on professionals with regard to reporting which will have a direct ...
AML/CFT Framework downloads - Centrale Bank van Aruba
Published on: Friday, Nov 19, 2021 Print this Attached files Revised Guidance Note on Proliferation and Proliferation Financing (v.2.0) - September 2024.pdf Download AML CFT State Ordinance (English).pdf Download AML CFT State Ordinance (incl. AB 2022 no. 105)(Dutch).pdf Download Memorie van Toelichting - LWTF (AB 2021 no. 143.mvt).pdf Download Explanatory Notes to AML-CFT State Ordinance [ENG] (AB 2011 no. 28.mvt).pdf Download Memorie van Toelichting -LWTF (AB 2011 no. 28.mvt).pdf Download AML CFT State Ordinance (incl. AB 2022 no. 105)(Dutch).pdf Download Enclosure 9.Questions and Answers (Q&A) regarding the AML-CFT State Ordinance (2020).pdf Download Enclosure 10.National Money Laundering Risk Assessment Aruba – February 2021.pdf Download Enclosure 11.National Terrorist Financing and Proliferation Financing Risk Assessment Aruba .pdf Download
Sri Lanka's only business publication | Daily FT
Latest news, analysis and opinions from the Daily FT, Sri Lanka's only national business newspaper.
OpenSanctions: Supreme Data on Supreme Leaders
OpenSanctions helps investigators find leads, allows companies to manage risk and enables technologists to build data-driven products.
