23 October, 2017

WikiLeaks: Develop A Casino Regulatory Scheme – US Treasury Recommends

“A US Treasury team recently conducted an assessment of the Sri Lankan financial sector and concluded that there are weaknesses in the banking sector open to possible exploitation. The assessment concluded that drugs, human smuggling and corruption are the crimes that generate most money laundering problems in Sri Lanka.”  the US Embassy Colombo informed Washington.

Rajapaksa and the US Ambassador Lunstead

The Colombo Telegraph found the related leaked cable from the WikiLeaks database. The “Confidential” cable discuses Sri Lanka’s counterterrorism finance initiatives and financial crimes. The cable was written by the US Ambassador to Colombo Jeffrey J. Lunstead on March 11, 2004.

The ambassador wrote;”The assessments also found areas where additional assistance is warranted, including new anti-money laundering legislation; training for Central Bank and banking sector employees; training for judges, prosecutors and investigators; the development of a casino regulatory scheme and awareness training for legislators and other government officials.”

Related posts;

WikiLeaks: Money Laundering – Sri Lanka Has No Laws To Regulate Casino Operations

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Latest comments

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    As long as the politicians are involved in corruption in Sri Lanka there will always be loopholes left in the system to hide and wash the black money.

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    America with the highest number of financial fraudsters found in any country here to ‘advise’ us. They are unable to even regulate themselves. This is an ongoing joke…..that some of our people actually look up to the West as role models. The mind boggles.

  • 0
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    Shut up your mouth guys , BIG Brother approved the casino in SL

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