Sri Lanka removed from FATF's Grey List
Sri Lanka has been removed from the "Grey List" of the international terror financing watchdog FATF, according to a media report.
The island nation will no longer be subject to the Financial Action Task Force's monitoring under its on-going global anti-money laundering and countering the financing of terrorism (AML/CFT) compliance process, the Colombo Gazette reported on Saturday.
The FATF said Sri Lanka made significant progress in addressing the strategic AML/CFT deficiencies identified earlier, the daily said.
In October 2016, the FATF announced that Sri Lanka will be subjected to a review of the International Cooperation Review Group (ICRG) of the terror financing watchdog to assess the progress of
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