Section No : Legislative Enactments FINANCIAL TRANSACTIONS REPORTINGMarginal Notes1. This Act may be cited as the Financial Transactions Reporting Act, No. 6 of 2006.2. Identification essential to conduct of business of Institution. 3. Procedure if identity is not satisfactorily established. 4. Institutions to maintain and retain records. 5. Institutions to conduct ongoing due diligence and scrutiny of customers. 6. Institution to report financial transactions. 7. Duty to disclose information relating to property of terrorist groups or property used for commission of offence under this Act. 8. Disclosure to Financial Intelligence Unit. 9. Duty not to divulge information. 10. When disclosure of information is permitted. 11. Disclosure not to be prevented. 12. Protection of persons reporting suspicious transactions. 13. Privileged Communication. 14. Appointment of Compliance Officer. 15. Functions of the Financial Intelligence Unit. 16. Disclosure to foreign institutions and agencies. 17. Agreements and arrangements by the Financial Intelligence Unit. 18. Power of Unit to examine books, records &c, 19. Imposition of penalty to enforce compliance. 20. Non-disclosure of information in certain case. 21. Protection from liability. 22. Functions of supervisory authority or auditor under this Act. 23. Supervisory authority to ensure compliance by all Institutions. 24. Currency reporting at border. 25. Seizure or detention of cash &c,. 26. Procedure on seizure of cash &c,. 27. Offences. 28. Giving false information an offence. 29. Regulations. 30. Application of Act. 31. Institutions have duty to comply with the provisions of this Act. 32. Sinhala text to prevail in case of inconsistency. 33. Interpretation.