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)
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Customs have detected 228 mobile phones and tabs valued at over Rs 30 million left behind in the duty free shopping complex at the Banaranaike International Airport today, Customs officials said.
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