The Financial Intelligence Unit (FIU) of the Central Bank of Sri Lanka and the National Gem and Jewellery Authority (NGJA) have jointly called on all gem and jewellery dealers to strengthen compliance with anti-money laundering regulations by properly identifying customers and appointing Compliance Officers for their businesses. According to the FIU, every gem and jewellery dealer is legally required to appoint a Compliance Officer under Sri Lanka’s anti-money-laundering and counter-terrorist-financing framework. The officer will be responsible for ensuring that all transactions adhere to financial regulations and that customer verification procedures are strictly followed. Dealers must collect key information from customers…
Gem and Jewellery dealers urged to comply with new anti-money laundering rules
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