Economy & businessUpdated
New MoU to tackle tax evasion and money laundering
From Daily Mirror ·
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1 min readFrom 4 outlets- The agreement is a memorandum of understanding between the Inland Revenue Department and the Excise Department.
- EconomyNext reports that the arrangement provides for intelligence sharing and a joint mechanism, including parallel investigations.
- The Finance Ministry linked the agreement to changes effective August 4, 2026, under the Prevention of Money Laundering (Amendment) Act.
- The ministry says the initiative is intended to improve audits, revenue collection and efforts to limit illicit financial flows.
Based on: Daily Mirror, EconomyNext, Ada Derana, Hiru NewsWritten by AI from Daily Mirror, EconomyNext, Ada Derana, Hiru Newsthese outlets’ reports. Not reviewed by an editor. It can be wrong — the original reports are the authority. .
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Earlier coverage
Reports on the same subject from the months before this story.
- Daily Mirror · Sri Lanka’s rising black economy and corruption?
- Daily FT · Budget 2027: Treasury says expect reforms push, not tax cuts
- Ada Derana (සිංහල) · දේශීය ආදායම් බදු දෙපාර්තමේන්තුවෙන් විශේෂ නිවේදනයක්
- Daily Mirror · Anti-Corruption Act amended: What changes under the new law?
- The Island · Some aspects of SL initiatives to strengthen anti-money laundering controls
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