Executive Summary 

MESSAGE FROM THE CHIEF COMPLIANCE OFFICER 

Dear Colleagues, 

On behalf of Golden Island Hospitality Private Limited (GIHPL) and in my capacity as Chief Compliance Officer, I write to you with a matter of utmost importance and personal commitment, our collective responsibility to maintain the highest standards of Anti-Money Laundering (AML), Counter-Terrorist Financing (CFT), and Know Your Customer (KYC) compliance. 

I am deeply concerned that our organization operates with absolute integrity within the regulatory framework established by the Government of Sri Lanka and international standards.  

As a responsible corporate entity operating Majestic Pride Casino, Spice Garden Restaurant Bar, and Golden Island Bet, we bear a solemn obligation to ensure our business operations do not, under any circumstances, facilitate money laundering, terrorist financing, or any other financial crimes. 

It is with this profound sense of responsibility that I have developed this comprehensive Learning Management System (LMS) and Training Manual.  

This initiative represents our organization’s unwavering commitment to align with and exceed the requirements set forth by: 

• The Central Bank of Sri Lanka (CBSL) 
• The Financial Intelligence Unit (FIU) of Sri Lanka 
• The Financial Action Task Force (FATF) international recommendations 
• All applicable Sri Lankan legislation governing our operations as Designated Non-Financial Businesses and Professions (DNFBPs) 

MY COMMITMENT AS YOUR CHIEF COMPLIANCE OFFICER 

As your CCO, my primary objective is singular and non-negotiable:  

• to maintain our business operations in strict alignment with government directives, and  
• ensure we operate a clean, transparent, and compliant enterprise.  

This means: 

1. Zero Tolerance for Financial Crime 

We will not knowingly facilitate, support, or turn a blind eye to money laundering or terrorist financing activities. Our business will not be used as a vehicle for illicit financial flows. 

2. Proactive Compliance Culture 

Rather than merely meeting minimum regulatory requirements, we aspire to set the standard for compliance excellence in Sri Lanka’s gaming and hospitality industry. 

3. Comprehensive Employee Education 

Every member of our team, regardless of department or position, must understand their critical role in our compliance framework. Ignorance is not an option – it is a vulnerability we cannot afford. 

4. Transparent Operations 

We will maintain complete transparency with our regulators, cooperate fully with lawful authorities, and implement robust systems to detect and prevent financial crime. 

5. Continuous Improvement 

As regulations evolve and new threats emerge, our compliance program will adapt. This LMS represents our current best practices, but our commitment to improvement is ongoing and our endeavor is to implement all our policies in line with the CBSL FIU requirements sooner that June 2026. 

THE REGULATORY LANDSCAPE 

As a licensed casino, restaurant bar, and bookmaking operation in Sri Lanka, we operate under intense regulatory scrutiny, and rightfully so. The global financial system faces persistent threats from money launderers and terrorist financiers who seek to exploit businesses like ours.  

The consequences of compliance failures extend far beyond financial penalties: 

• Criminal prosecution of the organization and responsible individuals 
• License revocation and business closure 
• Irreparable reputational damage 
• Harm to Sri Lanka’s international standing 
• Unwitting support of serious criminal enterprises and terrorism  

THIS TRAINING MANUAL 

This comprehensive Training Manual has been meticulously developed by our Compliance Department under the authority of our Board of Directors. It is applicable to all staff and management of GIHPL, without exception. 

The manual provides: 

• Detailed explanation of Sri Lankan AML/CFT/KYC regulations 
• FATF recommendations and their application to our operations 
• Department-specific responsibilities and procedures 
• Practical guidance on identifying and reporting suspicious activities 
• Clear protocols for compliance with reporting obligations 

Every employee plays a critical and irreplaceable role in preventing money laundering, terrorist financing, and other financial crimes.  

This manual provides the department-specific guidance necessary for you to understand your responsibilities and contribute effectively to our compliance program. 

MY PERSONAL COMMITMENT TO YOU 

I recognize that compliance requirements can seem burdensome, and that rigorous procedures may occasionally create friction with customer service objectives.  

However, I assure you that there is no conflict between running a successful business and maintaining impeccable compliance standards. In fact, our long-term business viability depends entirely on our reputation for integrity. 

I am personally accessible to every employee for questions, concerns, or confidential reporting of suspicious activities. No question is too small, no concern is too insignificant.  

When in doubt, I would rather you seek guidance than proceed with uncertainty. 

The compliance function is not an obstacle to our business, rather, it is the foundation upon which our business stands.  

Together, we will ensure that Golden Island Hospitality Private Limited operates as a model of compliance excellence, setting the standard for our industry in Sri Lanka. 

I am counting on each of you to take this training seriously, to internalize these principles, and to remain vigilant in your daily duties. Our collective success depends on our collective commitment to doing what is right. 

Thank you for your attention to this critical matter and your dedication to maintaining the integrity of our organization. 

With sincere commitment to compliance excellence, 

Ramesh Budhrani (Jim) 

Chief Compliance Officer 

Golden Island Hospitality Private Limited 

Direct Contact: 

Mobile/WhatsApp: +94 77 365 4615 

Email: jimramchand@gmail.com 

“Integrity is not negotiable. Compliance is not optional. Excellence is our standard.” 

_______________________________________________ 

This message is issued under the authority of the Board of Directors 

Golden Island Hospitality Private Limited