π Summary
Sri Lankaβs proposed amendments to the Trust Ordinance could become a significant weapon against the financial secrecy that allows wealth, assets and ownership to disappear behind layers of legal arrangements. The legislation seeks to bring the 1917 Trust Ordinance into line with modern anti-money-laundering requirements by identifying who creates, controls and benefits from trusts. Cabinet [β¦] The post Sri Lanka Trust Reform Could Expose Hidden Wealth- If Enforcement Works appeared first on Lankanews.lk .