The Finance Ministry has instructed the Central Bank to introduce new regulations to monitor funds flowing in and out of the country.
The instructions have been issued in a bid to prevent cash being exchanged illegally without the knowledge of the Customs Department and the Central Bank, the Ministry noted.
According to the Finance Ministry, financial transactions of businesses, investments and donations will be monitored following the implementation of these regulations.
The Central Bank's Financial Investigation Unit (FIU) will execute the task of monitoring funds and implementing the necessary regulations.
(DW)
The final rites of veteran broadcaster, writer, and lyricist Nirmala de Alwis will be held today at Peradeniya.
Read this week’s Sunday Times for your interesting articles
The Supreme Court today ordered the owning and operating companies of the X-Press Pearl Vessel to pay US $ one billion as compensation for the environmental and economic damage it caused, after the ship sank off the Colombo Port in 2021.
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