Legal Analysis on Money Laundering and Terrorist Financing As treats to National Security of Sri Lanka

Terrorist Financing (TF) and Money Laundering (ML) remains a challenge in modern society. The difficulty in ascertaining the perpetrators precisely and the transnational nature of the crimes is impeding justice. Sri Lanka has a plethora of laws to combat ML and TF. Nonetheless, this does not guarantee the prevention and reemergence of the crime. In order to deter, as well as obstruct ML and TF, it is imperative to examine the application of the legal system. When analyzing available legal provisions, it is clear that there are lacunas in the legal system that deserves examination and rectification. The objective of the research is to identify the threats to national security posed by ML and TF and to examine the laws relating to ML and TF, to identify lacunas in the laws and to provide recommendations to rectify the lacunas in the legal system relating to anti-ML and prevention of terrorist financing