FDI channeled through Inward Investment Accounts - BOI | Daily News

FDI channeled through Inward Investment Accounts - BOI

Foreign Direct Investment (FDI) brought into Sri Lanka, including the oil refinery project in Hambantota, is channeled through the approved local banking system through Inward Investment Accounts (IIA) as per the Foreign Exchange Act and its Regulations in Sri Lanka, The Boi said.

In the case of the oil refinery project at the Mirijjiwila Export Processing Zone, Hambantota, all financial transactions by the investor are routed through a reputed commercial bank of Sri Lanka.

All commercial banks have their own AML/CFT regulations, which are also carefully monitored by the Financial Intelligence Unit of the Central Bank of Sri Lanka.


 

Add new comment