MoUs

National Gem and Jewellery Authority, Sri Lanka

Signed Terms of Reference

with the Financial Intelligence Unit of the Central Bank of Sri Lanka

The National Gem and Jewellery Authority Sri Lanka (NGJA) signed Terms of Reference (TOR) with the Financial Intelligence Unit of the Central Bank of Sri Lanka (FIU) on 17.03.2026 in facilitating joint supervision of the licensed dealers of precious metals and precious and semi-precious stones (DPMS) on compliance with the Anti-Money Laundering, Countering Terrorist Financing and Countering the Proliferation Financing (AML/CFT/CPF) Regulations.

In terms of Section 23 of the Financial Transactions Reporting Act, No. 6 of 2006 (FTRA), the NGJA is recognized as the regulatory and supervisory authority of the DPMS sector in Sri Lanka and conducts risk-based supervision on compliance with AML/CFT/CPF regulations jointly with the FIU. The primary objective of the TOR is to strengthen inter-agency cooperation and enhance compliance level within the sector.

Dr. S.P.Chaminda, Chairman & CEO, Mr. Janath Jayawardena (Attorney-at-Law), Board Director (NGJA) and Dr. Subhani Keerthiratne, Director (FIU) signed the TOR on behalf of the respective institutions and it marks the continued commitment in safeguarding the integrity of the gem and jewellery industry and the financial system of the country at large.

MEMORANDUMS OF UNDERSTANDING (MOUS)

Domestic MOUs

In terms of the provisions of the Section 15(1)(r) of the Financial Transactions Reporting Act, No. 6 of 2006 (FTRA), the Financial Intelligence Unit (FIU) of Sri Lanka may enter into any agreement or arrangement with any domestic government institution or agency regarding the exchange of information in order to facilitate investigations and prosecutions on money laundering, terrorist financing and other related offences.

According to the request made by the FIU, National Gem and Jewellery Authority (NGJA) has Entered in to a MoU between the FIU 0n 28.08.2019 regarding the exchange of information in order to facilitate investigations and prosecutions on money laundering, terrorist financing and other related offences.

In accordance with the provision of the Memorandum of Understanding dated 28.08.2019, NGJA is currently sharing data with the FIU as necessary.

The National Gem and Jewellery Authority entered into a Memorandum of Understanding with the Sri Lanka Police

The National Gem and Jewellery Authority (NGJA) entered into a Memorandum of Understanding (MoU) with the Sri Lanka Police on April 3, 2025, at the Sri Lanka Police Headquarters.

The MoU was signed by Mr. Naveen Sooriyarachchi, Chairman and CEO of the National Gem and Jewellery Authority, and Mr. Priyantha Weerasooriya, Acting Inspector General of Police, on behalf of the respective institutions.

This MoU establishes a framework for enhanced cooperation between the two institutions, particularly in the exchange of information relating to investigations and prosecutions concerning money laundering, terrorist financing, and other related offences.

The signing of this MoU also marks a significant milestone in achieving Immediate Outcome No. 15 of the NGJA’s 2023–2028 Action Plan on Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT).

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MoU with Sri Lanka Customs