The High Commission of Sri Lanka in Malaysia recently conducted a knowledge-sharing session with several leading exchange houses operating across Malaysia. This initiative is part of the Mission’s ongoing efforts to increase foreign worker remittances to Sri Lanka while curbing unauthorized money transfers and money laundering.
The Mission remains committed to promoting legal remittance channels to ensure financial security and compliance with regulations. Unauthorized money transfer methods not only result in revenue loss for both the host and sending countries but also contribute to illegal activities such as money laundering and human trafficking. The Mission is taking proactive measures to safeguard Sri Lankan workers in Malaysia while maximizing the positive economic impact of their remittances.
To further this initiative, the High Commission has scheduled several awareness sessions for Sri Lankan workers in collaboration with exchange house representatives. Additionally, it is working closely with law enforcement authorities in both Malaysia and Sri Lanka to prevent illegal money transfer systems such as Hawala and Undiyal.
The High Commission urges all Sri Lankans in Malaysia to use legal channels when sending money to their families and loved ones. It also expresses its appreciation to those who are already using authorized financial services to remit funds to Sri Lanka.