Proposed Bill To Amend The Trust Ordinance

Proposed Bill To Amend The Trust Ordinance

The proposal made by Hon. (Mrs.) Thalatha Athukorala, Minister of Justice, to extend the scope of the Trust Ordinance Bill, was approved by the Cabinet.

The government has decided to widen its scope to meet the international standards in order to minimize the risk of money laundering and raising money for Terrorismග

Cabinet approval was granted to publish the Trust Ordinance (Amendment) Bill in the government gazette and thereafter to submit it to parliament for approval.

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