Sri Lanka Strengthens Anti-Terror Funding Measures with Targeted Financial Sanctions

Sri Lanka has reinforced its national security and counter-terrorism financing framework, with a renewed emphasis on Targeted Financial Sanctions (TFS). The Ministry of Defence announced that these measures aim to prevent the financing of terrorism by freezing the assets of individuals and entities suspected of involvement. Under TFS, bank accounts, financial transactions, and both financial and non-financial assets such as vehicles, land, and gold jewelry can be deactivated, prohibiting their use, sale, or transfer. These sanctions are implemented in line with United Nations Security Council Resolutions and national regulations, including Regulation No. 01 of 2012. The Minister of Foreign Affairs holds the authority to issue these sanctions following a gazette notification, further strengthening the country's defense against terrorism.