8. Replacement of section 6 of the principal enactment

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

Section 6 of the principal enactment is hereby repealed and the following section is substituted therefor: -

6. (1) An Institution shall report to the

Financial Intelligence Unit in such form and manner, and within such period as may be directed by the Head of the Financial

Intelligence Unit –

(a)

any transaction in cash unless the recipient and the sender are both banks licensed by the

Central Bank; and

(b)

any electronic fund transfer of a customer,

“Institutions to report financial transactions.

of an amount exceeding such sum or its equivalent in any foreign currency, as shall be specified by the Minister by Order published in the Gazette.

(2)

For the purpose of subsection (1), the

Minister may specify different thresholds in respect of different categories of Institutions.”.