- Last Update 2025-06-29 00:39:00
Cabinet approves amendment of Companies Act to avoid money laundering
Cabinet has approved a proposal for the amendment of the Companies Act no 7 of 2007, in order to avoid money laundering and funding of terrorism. According to the government news portal, the government today said that it had identified the necessity of rapid legal amendments to avoid Money Laundering and Funding of Terrorism.
“Therefore it has been decided to make necessary amendments to the Companies act No.7 of 2007 to collect the details on shareholders who have more than 25% of company ownership of a company (excluding Limited Public Companies) or beneficiaries those who have active control of such company.”
Acting Minister of Industry and Commerce Champika Premadasa was named as the proponent of the said cabinet paper.
-
Still No Comments Posted.
- June 20, 2025 - 158 - 0
NPP MP Harshana Suriyapperma resigns from Parliament
Deputy Minister of Finance and Economic Stabilization and NPP National List MP Harshana Suriyapperuma who is tipped to be named the next Finance Ministry Secretary resigned from Parliament today.
- June 19, 2025 - 153 - 0
Ex Minister Keheliya’s two daughters, son in law arrested under money laundering charges
- June 25, 2025 - 140 - 0
President Dissanayake to visit Maldives amid plans for landmark Regional Pact
Related Articles
Your Sunday Times highlights for this week
- 29/06/2025 - 20 - 0
Former Chairman SriLankan Airlines remanded until July 1
- 27/06/2025 - 132 - 0
News in pictures
- 27/06/2025 - 34 - 0
Leave Comments