Risk, Alan, moving in Asian island nation (3,5)

I believe the answer is:

sri lanka

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'island nation' is the definition.
(Sri Lanka is an island)

'risk alan moving in' is the wordplay.
'moving in' is an anagram indicator.
'risk'+'alan'='riskalan'
'riskalan' anagrammed gives 'SRI LANKA'.

'asian' is the link.
This may not be right. It may belong to another bit of the clue.

Can you help me to learn more?

(Other definitions for sri lanka that I've seen before include "Country in 4" , "Asian country, originally the Arabic Serendib or Serendip" , "Country off the southeast coast of India" , "Ceylon since 1972" , "land" .)

I've seen this clue in the Sydney Morning Herald.

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