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Press release regarding Imposition/collection of administrative penalties by the Financial Intelligence Unit (FIU) to Enforce Compliance on Financial Institutions (dated-15.09.2022) – Central Bank of Sri Lanka.

  • The administrative penalty was imposed for non-compliance with Section 9 (1) of the FTRA regarding the duty not to divulge information, as it was revealed that, there had been a breach in the Sampath Bank’s process of filing of Suspicious Transactions with the FIU, and that the breach amounted to limited disclosures that should have been prevented by the Bank, refer attachment for further details.