The Second Reading of the Prevention of Money Laundering (Amendment) Bill was approved in Parliament on Wednesday (09) after securing the required special majority.
The Bill was passed with 154 votes in favour and two votes against, following a division requested after the second reading debate.
Parliament is expected to take up the Third Reading of the Bill later in the proceedings.
The legislation forms part of a broader package of financial sector reforms aimed at strengthening Sri Lanka's legal framework for combating money laundering and improving financial transparency.
Earlier this week, the Cabinet of Ministers approved committee-stage amendments to both the Financial Transactions Reporting (Amendment) Bill and the Prevention of Money Laundering (Amendment) Bill before they were presented to Parliament.
The Government had previously received Cabinet approval to publish both draft bills in the Government Gazette and submit them to Parliament for consideration.
According to the Government, the committee-stage amendments were prepared by the Legal Draftsman, taking into account recommendations identified during the legislative process as well as determinations made by the Supreme Court on petitions filed against the draft legislation.
The revised amendments have also received clearance from the Attorney General, allowing Parliament to proceed with the legislative process.
