Softlogic Finance PLC on Wednesday clarified a statement issued by the Central Bank (CB) on the company among three institutions where a penalty was imposed for non-compliance of certain rules.
“Softlogic Finance wishes to clarify that the fine imposed by the Financial Intelligence Unit (FIU) of the Central Bank was due to a shortcoming in the core operating system of the company in relation to screening the United Nations Sanctions List. This procedural shortcoming was met by Softlogic Finance in October 2020, and the system updated according to the directives stipulated by the Central Bank,” the company said responding to the CB statement issued on Tuesday.
Softlogic Finance PLC said it was committed to upholding effective anti-money laundering standards, and as a responsible corporate entity, has established an Anti-Money Laundering Policy to ensure the identification and mitigation of money laundering risks. The company further reiterates its continued commitment to fully comply with all regulatory directives by the Central Bank.
Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.
The Supreme Court today refused interim relief in an application filed by President’s Counsel Senaka Walgampaya seeking an Order from the Supreme Court compelling the President to appoint judges to fill the existing vacancies in the Court Of Appeal.
Gazette on new speed limit regulations to be issued within two weeks
Senior DIG Nilantha Jayawardena has been sent on compulsory leave pending disciplinary investigation over his failure to prevent the Easter Sunday bombings.
Two underworld criminals wanted for multiple crimes, including murder, were brought from Dubai to Sri Lanka, today (12).
The 22nd amendment to the constitution dealing with the term of the President has been gazetted by order of President Ranil Wickremesinghe.
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