{ "jurisdiction_id": "LK", "jurisdiction": "Sri Lanka", "url": "https://payments.gi/jurisdictions/sri-lanka/", "generator": "render_jid v13.3.0", "date_modified": "2026-08-11", "schema_version": "world-payments-v1", "counts": { "modules": 14, "sourced_findings": 67, "source_register": 132 }, "modules": [ { "code": "W1a", "name": "Licensing, Authorisation & Market Access", "confidence": "Confirmed", "moved_this_cycle": true, "url": "https://payments.gi/jurisdictions/sri-lanka/#w1a-licensing-authorisation-market-access", "standing_position": "CBSL is the sole payments regulator under the PSS Act No. 28 of 2005; card issuers/acquirers and mobile payment/e-money operators are licensed under the Payment Cards and Mobile Payment Systems Regulations No. 1 of 2013; money/value transfer service providers were brought under a dedicated CBSL regulation in 2024; a FinTech Regulatory Sandbox has operated since 2018/2020 for pre-licensing testing.", "findings": [ { "finding": null, "instrument_type": "Primary statute", "source": "https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/laws/acts/en/Payment_setttlement_sys_act.pdf", "source_url": "https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/laws/acts/en/Payment_setttlement_sys_act.pdf", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "Subordinate regulation", "source": "https://www.cbsl.gov.lk/en/financial-system/financial-infrastructure/payments-and-settlements-systems", "source_url": "https://www.cbsl.gov.lk/en/laws/directions-circulars-guidelines-on-payments-and-settlements", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "Regulation", "source": "https://www.cbsl.gov.lk/en/laws/directions-circulars-guidelines-on-payments-and-settlements", "source_url": "https://www.cbsl.gov.lk/en/laws/directions-circulars-guidelines-on-payments-and-settlements", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "Regulation", "source": "https://www.tamimi.com/law-update-articles/retail-payment-services-and-card-schemes-regulation/", "source_url": "https://www.cbsl.gov.lk/en/laws/directions-circulars-guidelines-on-payments-and-settlements", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "Sandbox framework", "source": "https://www.chamber.lk/wp-content/uploads/2024/05/Decoding-Sri-Lankas-FinTech-Regulatory-Sandbox.pdf", "source_url": "https://www.cbsl.gov.lk/en/laws/directions-circulars-guidelines-on-payments-and-settlements", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "Primary statute", "source": "https://conventuslaw.com/report/govpay-initiative-sri-lankas-first-integrated-digital-payment-platform/", "source_url": "https://www.cbsl.gov.lk/en/laws/directions-circulars-guidelines-on-payments-and-settlements", "source_tier": "3", "retrieved_at": null } ] }, { "code": "W1b", "name": "Conduct, Safeguarding & Financial Promotions", "confidence": "Confirmed", "moved_this_cycle": true, "url": "https://payments.gi/jurisdictions/sri-lanka/#w1b-conduct-safeguarding-financial-promotions", "standing_position": "Market-conduct supervision was formalised for the first time in Sri Lanka via the Financial Consumer Protection Regulations No. 01 of 2023, administered by CBSL's FCRD; retail-payment-service PSPs offering payment initiation/account-information services must hold professional indemnity insurance and undertake AML/CFT risk assessments; conduct rules apply uniformly across CBSL-regulated FSPs including PSPs and card schemes.", "findings": [ { "finding": null, "instrument_type": "Regulation", "source": "https://www.cbsl.gov.lk/en/news/regulations-on-financial-consumer-protection", "source_url": "https://www.cbsl.gov.lk/en/news/regulations-on-financial-consumer-protection", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "Regulation", "source": "https://www.nithyapartners.com/journal/key-features-of-the-financial-consumer-protection-regulations", "source_url": "https://www.tamimi.com/law-update-articles/retail-payment-services-and-card-schemes-regulation/", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "Regulation", "source": "https://www.tamimi.com/law-update-articles/retail-payment-services-and-card-schemes-regulation/", "source_url": "https://www.tamimi.com/law-update-articles/retail-payment-services-and-card-schemes-regulation/", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "Supervisory department", "source": "https://www.cbsl.gov.lk/en/fcrd", "source_url": "https://www.tamimi.com/law-update-articles/retail-payment-services-and-card-schemes-regulation/", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "Supervisory tool", "source": "https://www.cbsl.gov.lk/en/news/cbsl-launches-the-complaint-management-system-for-financial-consumers", "source_url": "https://www.tamimi.com/law-update-articles/retail-payment-services-and-card-schemes-regulation/", "source_tier": "1", "retrieved_at": null } ] }, { "code": "W2", "name": "Stablecoins & Digital Money", "confidence": "Assessed", "moved_this_cycle": true, "url": "https://payments.gi/jurisdictions/sri-lanka/#w2-stablecoins-digital-money", "standing_position": "Sri Lanka has no dedicated stablecoin/virtual-asset statute in force; crypto exists in a legal grey zone. The FIU is running a mandatory VASP survey and CBSL has proposed FTRA amendments to bring VASPs under AML/CFT registration, with a licensing bill still pending as of mid-2026; a narrow tourism-sector stablecoin-payment channel via licensed intermediaries was reportedly piloted in 2026 (unconfirmed by CBSL primary sources), and CBDC exploration was shelved in 2023 on IMF concerns.", "findings": [ { "finding": null, "instrument_type": "Proposed framework", "source": "https://dailynews.lk/2026/05/06/features/990472/sri-lankas-crypto-regulation-roadmap-what-the-2026-framework-actually-means/", "source_url": "https://www.lightspark.com/knowledge/is-crypto-legal-in-sri-lanka", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "Practice note", "source": "https://www.lightspark.com/knowledge/is-crypto-legal-in-sri-lanka", "source_url": "https://dailynews.lk/2026/05/06/features/990472/sri-lankas-crypto-regulation-roadmap-what-the-2026-framework-actually-means/", "source_tier": "4", "retrieved_at": null }, { "finding": null, "instrument_type": "Regulatory statement", "source": "http://www.adaderana.lk/news/112860/is-cryptocurrency-legal-in-sri-lanka-central-bank-governor-explains", "source_url": "https://www.coinreporter.io/2026/04/sri-lanka-central-bank-integrates-crypto-payments-for-tourism-sector/", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "Pilot channel", "source": "https://www.coinreporter.io/2026/04/sri-lanka-central-bank-integrates-crypto-payments-for-tourism-sector/", "source_url": "https://www.coinreporter.io/2026/04/sri-lanka-central-bank-integrates-crypto-payments-for-tourism-sector/", "source_tier": "4", "retrieved_at": null }, { "finding": null, "instrument_type": "Policy history", "source": "https://coinfomania.com/cryptocurrency-regulations-in-sri-lanka/", "source_url": "https://www.coinreporter.io/2026/04/sri-lanka-central-bank-integrates-crypto-payments-for-tourism-sector/", "source_tier": "4", "retrieved_at": null } ] }, { "code": "W3", "name": "Operational Resilience & Critical Infrastructure", "confidence": "Confirmed", "moved_this_cycle": true, "url": "https://payments.gi/jurisdictions/sri-lanka/#w3-operational-resilience-critical-infrastructure", "standing_position": "CBSL regulates technology/cyber risk via Banking Act Directions No. 16 of 2021 (amended Dec 2023) and a parallel Technology Risk & Resilience framework for licensed finance companies; licensed banks must report IT/cybersecurity incidents to CBSL; the RTGS backbone is reported to have been upgraded to ISO 20022 in 2024 (not confirmed by CBSL primary sources).", "findings": [ { "finding": null, "instrument_type": "Regulatory framework", "source": "https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/laws/consultation_paper_20210826_technology_risk_resilience_framework_lfc_e.pdf", "source_url": "https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/laws/consultation_paper_20210826_technology_risk_resilience_framework_lfc_e.pdf", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "Direction", "source": "https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/laws/banks.pdf", "source_url": "https://www.lightspark.com/knowledge/instant-payments-sri-lanka", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "Circular/Direction", "source": "https://www.cbsl.gov.lk/en/node/18517", "source_url": "https://www.lightspark.com/knowledge/instant-payments-sri-lanka", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "Infrastructure upgrade", "source": "https://www.lightspark.com/knowledge/instant-payments-sri-lanka", "source_url": "https://www.lightspark.com/knowledge/instant-payments-sri-lanka", "source_tier": "4", "retrieved_at": null } ] }, { "code": "W4", "name": "Scheme & Network Compliance", "confidence": "High", "moved_this_cycle": true, "url": "https://payments.gi/jurisdictions/sri-lanka/#w4-scheme-network-compliance", "standing_position": "Card-scheme and network compliance rests on the Payment Cards and Mobile Payment Systems Regulations No. 1 of 2013 and the Credit Card Operational Guidelines No. 1 of 2010; CBSL's own national card scheme (LankaPay, with JCB International) operates as a lower-cost domestic alternative to international schemes; the Retail Payment Services and Card Schemes regulation extended licensing to Card Scheme operators themselves.", "findings": [ { "finding": null, "instrument_type": "Regulation", "source": "https://www.cbsl.gov.lk/sites/default/files/Payments_Bulletin_3Q2025_e.pdf", "source_url": "https://www.cbsl.gov.lk/sites/default/files/Payments_Bulletin_3Q2025_e.pdf", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "Regulation", "source": "https://www.tamimi.com/law-update-articles/retail-payment-services-and-card-schemes-regulation/", "source_url": "https://www.tamimi.com/law-update-articles/retail-payment-services-and-card-schemes-regulation/", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "Scheme infrastructure", "source": "https://www.lankapay.net/en/for-you/national-card", "source_url": "https://www.tamimi.com/law-update-articles/retail-payment-services-and-card-schemes-regulation/", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "Scheme infrastructure", "source": "https://www.lankaclear.com/products-and-services/ncs/", "source_url": "https://www.tamimi.com/law-update-articles/retail-payment-services-and-card-schemes-regulation/", "source_tier": "3", "retrieved_at": null } ] }, { "code": "W5", "name": "Payment Corridor Dynamics", "confidence": "High", "moved_this_cycle": true, "url": "https://payments.gi/jurisdictions/sri-lanka/#w5-payment-corridor-dynamics", "standing_position": "Worker remittances are Sri Lanka's largest non-debt-creating FX inflow, roughly half originating from the Middle East and channelled through banks, exchange houses and the Lanka Remit app; a China-tourism corridor runs via LANKAQR-UnionPay integration; the India corridor remains restricted to formal banking channels.", "findings": [ { "finding": null, "instrument_type": "Policy/infrastructure", "source": "https://www.cbsl.gov.lk/en/workers-remittances", "source_url": "https://www.cbsl.gov.lk/en/workers-remittances", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "Corridor analysis", "source": "https://www.ips.lk/talkingeconomics/2026/03/24/middle-east-conflict-the-impact-on-migration-and-remittances-in-sri-lanka/", "source_url": "https://www.ips.lk/talkingeconomics/2026/03/24/middle-east-conflict-the-impact-on-migration-and-remittances-in-sri-lanka/", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "Corridor infrastructure", "source": "https://www.cbsl.gov.lk/en/workers-remittances/national-remittance-mobile-application", "source_url": "https://www.ips.lk/talkingeconomics/2026/03/24/middle-east-conflict-the-impact-on-migration-and-remittances-in-sri-lanka/", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "Corridor analysis", "source": "https://www.lightspark.com/knowledge/instant-payments-sri-lanka", "source_url": "https://www.ips.lk/talkingeconomics/2026/03/24/middle-east-conflict-the-impact-on-migration-and-remittances-in-sri-lanka/", "source_tier": "4", "retrieved_at": null } ] }, { "code": "W6", "name": "Industry Structure & Commercial Dynamics", "confidence": "High", "moved_this_cycle": true, "url": "https://payments.gi/jurisdictions/sri-lanka/#w6-industry-structure-commercial-dynamics", "standing_position": "Sri Lanka's bank-dominated financial sector comprises 24 Licensed Commercial Banks, 6 Licensed Specialised Banks and ~34-37 Licensed Finance Companies, with state-owned banks holding roughly half of banking assets; a growing fintech layer coexists with banks; multilateral development finance (IFC) is actively recapitalising private commercial banks.", "findings": [ { "finding": null, "instrument_type": "Market structure", "source": "https://chambers.com/content/item/5577", "source_url": "https://documents1.worldbank.org/curated/en/099040423094026887/pdf/P1808610591960010ab7d024d3bb621deb.pdf", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "Market structure", "source": "https://documents1.worldbank.org/curated/en/099040423094026887/pdf/P1808610591960010ab7d024d3bb621deb.pdf", "source_url": "https://www.ifc.org/en/pressroom/2025/ifc-invests-166-million-to-support-sri-lankan-businesses-and-drive-economic-growth", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "Industry body", "source": "https://en.wikipedia.org/wiki/Fintech_Association_of_Sri_Lanka", "source_url": "https://www.ifc.org/en/pressroom/2025/ifc-invests-166-million-to-support-sri-lankan-businesses-and-drive-economic-growth", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "Investment", "source": "https://www.ifc.org/en/pressroom/2025/ifc-invests-166-million-to-support-sri-lankan-businesses-and-drive-economic-growth", "source_url": "https://www.ifc.org/en/pressroom/2025/ifc-invests-166-million-to-support-sri-lankan-businesses-and-drive-economic-growth", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "Market survey", "source": "https://tracxn.com/d/explore/fintech-startups-in-sri-lanka/__giCu69LvGbU7cFiY4hLvCUuRM_npJ_3I2V8PI1G_1Vs/companies", "source_url": "https://www.ifc.org/en/pressroom/2025/ifc-invests-166-million-to-support-sri-lankan-businesses-and-drive-economic-growth", "source_tier": "4", "retrieved_at": null } ] }, { "code": "W7", "name": "Legal & Litigation", "confidence": "High", "moved_this_cycle": true, "url": "https://payments.gi/jurisdictions/sri-lanka/#w7-legal-litigation", "standing_position": "Recent enforcement centres on CBSL's expanded resolution and administrative-fine powers under the Banking (Special Provisions) Act No. 17 of 2023 and the Banking (Amendment) Act No. 24 of 2024: a finance-company licence cancellation (Nation Lanka Finance PLC, July 2025), unauthorised deposit-taking enforcement, and an internal-fraud disclosure at NDB (2026) are the most current live matters.", "findings": [ { "finding": null, "instrument_type": "Enforcement action", "source": "https://www.cbsl.gov.lk/", "source_url": "https://www.cbsl.gov.lk/", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "Enforcement action", "source": "https://www.cbsl.gov.lk/", "source_url": "https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/laws/banks.pdf", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "Enforcement/disclosure", "source": "https://www.cbsl.gov.lk/en/node/20190", "source_url": "https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/laws/banks.pdf", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "Prosecution/enforcement", "source": "https://dailynews.lk/2026/05/06/features/990472/sri-lankas-crypto-regulation-roadmap-what-the-2026-framework-actually-means/", "source_url": "https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/laws/banks.pdf", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "Primary statute amendment", "source": "https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/laws/banks.pdf", "source_url": "https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/laws/banks.pdf", "source_tier": "1", "retrieved_at": null } ] }, { "code": "W8", "name": "Merchant Acquiring & Risk", "confidence": "Assessed", "moved_this_cycle": true, "url": "https://payments.gi/jurisdictions/sri-lanka/#w8-merchant-acquiring-risk", "standing_position": "Merchant acquiring is licensed under the Payment Cards and Mobile Payment Systems Regulations, with a blend of bank acquirers and fintech PSPs offering preferential LankaPay-linked fees; fraud risk is moderate but growing, with 3DS/velocity checks recommended; cross-border settlements carry withholding tax and VAT considerations.", "findings": [ { "finding": null, "instrument_type": "Market/risk practice", "source": "https://payatlas.com/countries/sri-lanka-lk", "source_url": "https://payatlas.com/countries/sri-lanka-lk", "source_tier": "4", "retrieved_at": null }, { "finding": null, "instrument_type": "Tax/settlement rule", "source": "https://payatlas.com/countries/sri-lanka-lk", "source_url": "https://payatlas.com/countries/sri-lanka-lk", "source_tier": "4", "retrieved_at": null }, { "finding": null, "instrument_type": "Licensing regime", "source": "https://www.cbsl.gov.lk/sites/default/files/Payments_Bulletin_3Q2025_e.pdf", "source_url": "https://payatlas.com/countries/sri-lanka-lk", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "Fee structure", "source": "https://www.lankaclear.com/products-and-services/ncs/", "source_url": "https://payatlas.com/countries/sri-lanka-lk", "source_tier": "3", "retrieved_at": null } ] }, { "code": "W9", "name": "Product Innovation & Market Development", "confidence": "High", "moved_this_cycle": true, "url": "https://payments.gi/jurisdictions/sri-lanka/#w9-product-innovation-market-development", "standing_position": "Product innovation is anchored around CBSL/LankaClear infrastructure: CEFTS, LANKAQR, GovPay (launched Feb 2025), a national card scheme co-branded with JCB, and an active FinTech Regulatory Sandbox; CBDC work has been paused since 2023.", "findings": [ { "finding": null, "instrument_type": "Rail", "source": "https://www.lightspark.com/knowledge/instant-payments-sri-lanka", "source_url": "https://www.lightspark.com/knowledge/instant-payments-sri-lanka", "source_tier": "4", "retrieved_at": null }, { "finding": null, "instrument_type": "National standard", "source": "https://www.cbsl.gov.lk/en/financial-system/financial-infrastructure/payments-and-settlements-systems", "source_url": "https://conventuslaw.com/report/govpay-initiative-sri-lankas-first-integrated-digital-payment-platform/", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "Product launch", "source": "https://conventuslaw.com/report/govpay-initiative-sri-lankas-first-integrated-digital-payment-platform/", "source_url": "https://conventuslaw.com/report/govpay-initiative-sri-lankas-first-integrated-digital-payment-platform/", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "Sandbox", "source": "https://www.chamber.lk/wp-content/uploads/2024/05/Decoding-Sri-Lankas-FinTech-Regulatory-Sandbox.pdf", "source_url": "https://conventuslaw.com/report/govpay-initiative-sri-lankas-first-integrated-digital-payment-platform/", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "CBDC pilot", "source": "https://coinfomania.com/cryptocurrency-regulations-in-sri-lanka/", "source_url": "https://conventuslaw.com/report/govpay-initiative-sri-lankas-first-integrated-digital-payment-platform/", "source_tier": "4", "retrieved_at": null } ] }, { "code": "W10", "name": "Consumer Protection & APP Fraud", "confidence": "High", "moved_this_cycle": true, "url": "https://payments.gi/jurisdictions/sri-lanka/#w10-consumer-protection-app-fraud", "standing_position": "Consumer protection runs through the Financial Consumer Protection Regulations No. 01 of 2023 and the FCRD complaint-handling/CMS infrastructure; there is no statutory mandatory APP-fraud reimbursement scheme; CBSL instead relies on public-awareness warnings, mandatory SMS alerting, and 2024 circulars tightening customer identification for mobile-payment-linked accounts.", "findings": [ { "finding": null, "instrument_type": "Complaint mechanism", "source": "https://www.cbsl.gov.lk/en/fcrd", "source_url": "https://www.cbsl.gov.lk/en/fcrd", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "Circular", "source": "https://www.cbsl.gov.lk/en/laws/directions-circulars-guidelines-on-payments-and-settlements", "source_url": "https://www.cbsl.gov.lk/en/laws/directions-circulars-guidelines-on-payments-and-settlements", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "Public warning", "source": "https://www.cbsl.gov.lk/en/news/beware-of-online-financial-frauds-and-scams", "source_url": "https://www.cbsl.gov.lk/en/laws/directions-circulars-guidelines-on-payments-and-settlements", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "Public warning", "source": "https://www.cbsl.gov.lk/en/news/the-central-bank-of-sri-lanka-requests-the-general-public-to-be-attentive-to-financial-scams-phishing-emails", "source_url": "https://www.cbsl.gov.lk/en/laws/directions-circulars-guidelines-on-payments-and-settlements", "source_tier": "1", "retrieved_at": null } ] }, { "code": "W11", "name": "AML/CFT & Financial Crime", "confidence": "High", "moved_this_cycle": true, "url": "https://payments.gi/jurisdictions/sri-lanka/#w11-aml-cft-financial-crime", "standing_position": "Sri Lanka's AML/CFT regime rests on the PMLA (2006), FTRA (2006) and CSTFA (2005), supervised by the FIU within CBSL under a National AML/CFT Policy 2023-2028; the country was grey-listed twice and delisted twice, and is undergoing its third FATF/APG mutual evaluation in 2026 under a revised effectiveness-focused methodology, with virtual-asset supervision (R.15) a key focus.", "findings": [ { "finding": null, "instrument_type": "Ongoing assessment", "source": "sentinel.https://www.sundaytimes.lk/260201/business-times/sri-lanka-faces-risks-of-being-grey-listed-by-fatf-affecting-banking-relationships-and-investment-629877.html", "source_url": null, "source_tier": "3", "retrieved_at": null }, { "finding": "Sri Lanka operates AML/CFT under the Prevention of Money Laundering Act, Financial Transactions Reporting Act and Convention on Suppression of Terrorist Financing Act, supervised by the CBSL-housed Financial Intelligence Unit (Egmont member). Removed from the FATF grey list in 2019 and remains in APG enhanced follow-up. No dedicated virtual-asset/VASP regulatory regime exists, and beneficial-ownership transparency for trusts/legal persons remains weak, exploited by offshore professional facilitators.", "instrument_type": "assessment", "source": "FIM (sentinel.gi) per-JID baseline profile — Sri Lanka", "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": "New EU GSP Regulation applies, continuing Sri Lanka's GSP+ conditionality", "instrument_type": "regulatory_horizon", "source": "FIM (sentinel.gi) regulatory_horizon_register (issue FIM-BASE-HRZ-002)", "source_url": null, "source_tier": "1", "retrieved_at": null }, { "finding": "Gap: legal-gap", "instrument_type": "gap", "source": "FIM (sentinel.gi) gaps_register_cumulative (issue FIM-BASE-GAP-002)", "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": "Gap: absent-field-provenance", "instrument_type": "gap", "source": "FIM (sentinel.gi) gaps_register_cumulative (issue FIM-BASE-GAP-004)", "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": "Gap: capacity-deficit", "instrument_type": "gap", "source": "FIM (sentinel.gi) gaps_register_cumulative (issue FIM-BASE-GAP-003)", "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": "Enforcement: Sri Lanka Treasury / law enforcement — Unidentified cybercriminals behind Finance Ministry email-compromise fraud", "instrument_type": "enforcement_action", "source": "FIM (sentinel.gi) enforcement_action_register (issue FIM-BASE-ENF-002)", "source_url": null, "source_tier": "2", "retrieved_at": null }, { "finding": "Gap: enforcement-absence", "instrument_type": "gap", "source": "FIM (sentinel.gi) gaps_register_cumulative (issue FIM-BASE-GAP-001)", "source_url": null, "source_tier": null, "retrieved_at": null } ] }, { "code": "W12", "name": "Correspondent Banking, Settlement & Access", "confidence": "High", "moved_this_cycle": true, "url": "https://payments.gi/jurisdictions/sri-lanka/#w12-correspondent-banking-settlement-access", "standing_position": "Correspondent banking access remains bank-mediated and FATF-status-sensitive: only Citibank operates directly as a US bank, while domestic commercial banks rely on correspondent relationships abroad; FIU has flagged that continuation depends on staying off the FATF grey list ahead of the 2026 mutual evaluation. Domestic settlement runs through CBSL's RTGS system and the US Dollar Cheque Clearing System.", "findings": [ { "finding": null, "instrument_type": "Correspondent access", "source": "https://www.trade.gov/country-commercial-guides/sri-lanka-trade-financing", "source_url": "https://www.trade.gov/country-commercial-guides/sri-lanka-trade-financing", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "Correspondent network", "source": "https://www.boc.lk/international-banking/send-money-to-sri-lanka/inward-remittance/inward-remittances", "source_url": "https://www.sundaytimes.lk/251005/news/sri-lanka-to-undergo-third-money-laundering-terrorism-financing-evaluation-in-2026-615149.html", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "De-risking risk factor", "source": "https://www.sundaytimes.lk/251005/news/sri-lanka-to-undergo-third-money-laundering-terrorism-financing-evaluation-in-2026-615149.html", "source_url": "https://www.sundaytimes.lk/251005/news/sri-lanka-to-undergo-third-money-laundering-terrorism-financing-evaluation-in-2026-615149.html", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "Settlement system", "source": "https://www.cbsl.gov.lk/sites/default/files/Payments_Bulletin_3Q2025_e.pdf", "source_url": "https://www.sundaytimes.lk/251005/news/sri-lanka-to-undergo-third-money-laundering-terrorism-financing-evaluation-in-2026-615149.html", "source_tier": "1", "retrieved_at": null } ] }, { "code": "W13", "name": "Commercial Intelligence & Fintech", "confidence": "Assessed", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/sri-lanka/#w13-commercial-intelligence-fintech", "standing_position": "Trailing-12-month commercial activity in Sri Lankan payments/fintech is dominated by multilateral development financing rather than private M&A: a large IFC bank-recapitalisation package, GovPay's public-sector platform launch, and a cross-border fintech-sandbox partnership are the standout events; disclosed private equity/VC funding remains thin.", "findings": [ { "finding": null, "instrument_type": "commercial_event", "source": "https://www.ifc.org/en/pressroom/2025/ifc-invests-166-million-to-support-sri-lankan-businesses-and-drive-economic-growth", "source_url": "https://www.ifc.org/en/pressroom/2025/ifc-invests-166-million-to-support-sri-lankan-businesses-and-drive-economic-growth", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "commercial_event", "source": "https://conventuslaw.com/report/govpay-initiative-sri-lankas-first-integrated-digital-payment-platform/", "source_url": "https://conventuslaw.com/report/govpay-initiative-sri-lankas-first-integrated-digital-payment-platform/", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "commercial_event", "source": "https://en.wikipedia.org/wiki/Fintech_Association_of_Sri_Lanka", "source_url": "https://en.wikipedia.org/wiki/Fintech_Association_of_Sri_Lanka", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "commercial_event", "source": "https://tracxn.com/d/geographies/sri-lanka/__ourc51Of6fG7rz7-6lIcnYzFxUJWfCndqoO-6bgTTds", "source_url": "https://en.wikipedia.org/wiki/Fintech_Association_of_Sri_Lanka", "source_tier": "4", "retrieved_at": null } ] } ] }