ECONOMYNEXT – Sri Lanka’s central bank and National Gem & Jewellery Authority have urged gem dealers to appoint a compliance officer for their business to prevent money laundering. “As per Anti-Money Laundering (AML) laws and regulations, all gem and jewellery dealers are legally required to appoint a Compliance Officer for their business,” the central bank said in a social media post. “Proper customer identification during transactions helps prevent money laundering and terrorist financing.” Failure to comply may result in penalties imposed by the central bank’s Financial Intelligence Unit (FIU). The compliance officer declaration form is available at https://storage2.me-qr.com/…/bb517870-6a0a-4721-87ac… and via…
Sri Lanka urges gem and jewellery dealers to appoint compliance officers
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