As enacted

Contents

Financial Transactions Reporting Act 2006 · As enacted · Part III · Powers and Functions of the Financial Intelligence Unit

17. Agreements and arrangements by the Financial Intelligence Unit

Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk

(1)

The Financial Intelligence Unit may, with the approval of the Minister, enter into an agreement or arrangement, in writing, with—

(a)

an institution or agency of a foreign State or foreign

States or an international organization established by the Governments of a foreign State that has powers and duties similar to those of the Financial

Intelligence Unit ; and

(b)

a foreign law enforcement agency or a foreign supervisory authority, regarding the exchange of information between the Financial

Intelligence Unit and the institution, authority or agency.

(2)

The information exchanged under subsection (1) shall be information that the Financial Intelligence Unit, the

Institution or agency has reasonable grounds to suspect would

Financial Transactions Reporting be relevant to the investigation or prosecution of an offence constituting an unlawful activity or an offence that is substantially similar to such an offence.

(3)

Agreements or arrangements entered into under subsection (1) shall include the following :—

(a)

restrictions on the use of information to purposes relevant to investigating or prosecuting any act constituting an unlawful activity or an offence that is substantially similar to such offence ;and

(b)

the stipulation that the information be treated in a confidential manner and not be further disclosed without the express consent of the Financial

Intelligence Unit.

Read on from s 18

Part IV

Functions of Supervisory Authority of an Institution and Auditors

Read on from Part IV

Part V

Currency Reporting at the Border

Read on from Part V

Part VI

Offences and Liabilities

Read on from Part VI

Part VII

Miscellaneous

Read on from Part VII