The Financial Action Task Force (FATF), the global policy setter on Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT), has made the initial determination that Sri Lanka has completed its action plan, reports Colombo Page on February 26. As part of its ongoing review of compliance with the AML/CFT standards, FATF at the Plenary held during February 20-22, 2019 in Paris has decided that Sri Lanka warrants an on-site assessment to verify that the implementation of AML/CFT reforms has begun and is being sustained, and that the necessary political commitment remains in place to sustain implementation in the future. As per the decision taken by FATF Plenary, a team of evaluators will be visiting Sri Lanka during May 2019 and the team will meet all relevant stakeholders, including the private sector and the highest political authorities to verify the implementation of the FATF Action Plan and to ascertain Sri Lanka's political commitment towards implementation of AML/CFT.