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Questions and Answers
What is the title of the Act mentioned in the text?
What is the title of the Act mentioned in the text?
- Financial Security Act, No. 5 of 2006
- Anti-Corruption Act, No. 5 of 2006
- Prevention of Money Laundering Act, No. 5 of 2006 (correct)
- Money Laundering Prohibition Act, No. 5 of 2006
When was the Act certified?
When was the Act certified?
- 6th March, 2006 (correct)
- 15th March, 2005
- 10th March, 2006
- 6th March, 2005
What is the purpose of the Act?
What is the purpose of the Act?
- To facilitate international trade agreements
- To prohibit money laundering and provide measures to combat it (correct)
- To regulate foreign investments
- To establish a new taxation system
Where was the Act printed?
Where was the Act printed?
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What is the price of the Act?
What is the price of the Act?
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According to the text, what is the full title of the Act?
According to the text, what is the full title of the Act?
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What is the purpose of the Act mentioned in the text?
What is the purpose of the Act mentioned in the text?
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What is the specific date when the Act was certified?
What is the specific date when the Act was certified?
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Where can the Act be purchased according to the text?
Where can the Act be purchased according to the text?
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What is the price of the Act as mentioned in the text?
What is the price of the Act as mentioned in the text?
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Study Notes
Introduction to the Prevention of Money Laundering Act
- The Act was certified on March 6, 2006
- The Act was published as a supplement to Part II of the Gazette of the Democratic Socialist Republic of Sri Lanka on March 10, 2006
- The Act was printed at the Department of Government Printing, Sri Lanka
Objective and Scope of the Act
- The Act aims to prohibit money laundering in Sri Lanka
- The Act provides measures to combat and prevent money laundering
- The Act covers matters connected with or incidental to money laundering
Citation and Application of the Act
- The Act may be cited as the Prevention of Money Laundering Act, No. 5 of 2006
- The provisions of the Act apply to all cases of money laundering in Sri Lanka
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