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Sri Lanka’s efforts to strengthen its anti-money laundering and counter-terrorism financing regime could produce consequences far beyond financial-crime enforcement if banks continue applying blanket restrictions to non-profit organisations. Sangeeta Goswami, Co-Chair of the Global NPO Coalition on FATF, said countries undergoing FATF Mutual Evaluations can become “desperate” to avoid grey-listing because an adverse assessment can […] The post FATF Crackdown Could Raise Banking Costs and Hurt Humanitarian Aid appeared first on Lankanews.lk .

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