Connect with us

News

TISL welcomes passage of Proceeds of Crime Act 

Published

on

The Proceeds of Crime Act’s introduction of non-conviction based asset forfeiture would strengthen Lanka’s legal tools for recovering illicit assets, including those held abroad, Transparency International Sri Lanka (TISL) said in a statement.

It welcomed the passage of the Proceeds of Crime Act, which was approved by Parliament on 08 April 2025. This is a landmark development in Sri Lanka’s anti-corruption and asset recovery framework, filling a long-standing legal gap and introducing powerful tools to combat illicit enrichment and the flow of black money.

TISL commends the work of the drafting committee for navigating the complexity of this legislation, which is designed to ensure that stolen assets are recovered and redirected for public benefit.

The new law introduces mechanisms for identifying, freezing, seizing, and confiscating the proceeds of crime, including in cases where a criminal conviction may not be possible. Notably, it provides for non-conviction-based forfeiture, a shift in the burden of proof in specific proceedings, and robust channels for international cooperation in tracing assets hidden across borders.

These legal tools are crucial in addressing grand corruption, where assets are often laundered through sophisticated local and global networks. Without such mechanisms, Sri Lanka has historically struggled to recover stolen public funds.

Importantly, the law focuses on the recovery of illicit assets rather than the prosecution of offenders. This is a critical strategy to disrupt the financial rewards of corruption and weaken the foundations of kleptocracy.

TISL also draws attention to several concerns that must be addressed to ensure the Act’s successful implementation. Stronger safeguards and judicial oversight are necessary within investigation processes to prevent the misuse of powers and uphold due process. The Proceeds of Crime Management Authority (PCMA) must function with the highest standards of transparency, and board members should be adequately and fairly compensated to attract qualified professionals and reduce corruption risks. Likewise, the Victims of Crime Reparations Trust Fund must be governed with clear selection criteria, term limits, disqualification processes, and strong conflict-of-interest safeguards to maintain public trust.

In addition to implementation issues, TISL remains concerned about broader challenges in Sri Lanka’s legislative process. The development of this law highlighted continued translation errors from English to Sinhala, which risk undermining its intent and application—particularly since the Sinhala version has legal precedence. These issues reinforce the need for institutionalised mechanisms for public and expert participation from the earliest stages of lawmaking, to ensure clarity, coherence, and alignment with the public interest and international standards.

Looking ahead, TISL urges the government and implementing institutions to ensure that the Proceeds of Crime Act is applied with integrity, fairness, and transparency. This includes the responsible and open management of recovered assets, robust public oversight, and ensuring that these powerful tools are used proportionately and in line with the law’s intended focus on grand corruption and serious crime. The ultimate goal must remain clear: to ensure that corruption and crime do not pay—and that stolen wealth is returned to its rightful owners, whether individuals or the public at large.

TISL remains committed to supporting the effective implementation of this law, for which it has long advocated, and will continue to push for transparency, accountability, and public participation across every stage of Sri Lanka’s reform journey, it said.



Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

PNB detect large haul of methamphetamine and heroin in local fishing trawler intercepted by Navy

Published

on

By

Acting on credible information, the Sri Lanka Navy launched a special operation on the high seas on 11 Apr 25, resulting in the apprehension of  06 suspects along with a local multi-day fishing trawler, believed to be involved in smuggling of narcotics.

Subsequently, the intercepted trawler was brought to the Dikkowita Harbour, where a thorough inspection was carried out with the assistance of the Police Narcotic Bureau (PNB) experts, leading to the detection of  approximately 77kg and 484g of heroin and 42kg and 334g of methamphetamine (Ice).

The consignment, which had been meticulously hidden in the trawler, was handed over to the PNB for onward legal action on 12 Apr.

 

Continue Reading

News

Government to initiate new projects to help rural communities to strengthen the national economy – Prime Minister

Published

on

By

Prime Minister Dr. Harini Amarasuriya stated that the government is currently working to initiate new projects across every area of Sri Lanka and to bring the necessary investments to rural areas in order to improve the participation of the communities in strengthening the national economy.

The Prime Minister made these remarks while addressing a public gathering held on Saturday (12th) in Nanattan, Mannar.

Prime Minister further stated:

“Our country has reached a decisive point. The government of the National People’s Power (NPP)  understands the expectations of the people. The general public came together despite the ethnic and religious barriers to exercise their voting right against  corruption in politics that existed in this country. Consequently, Anura Kumara Dissanayake was able to become the President in 2024. A month later, we formed a Parliament that will initiate in changing the history. Today, we have a government made up of 159 members. There is now a strong group in Parliament standing against corruption and a government that represents all ethnicities, religions, and regions. For the first time in history, we have formed a government made by a single party that represents everyone. The people are the ones who made this victory possible and they are the true victors in this cause.

We are committed to protecting the trust the people have placed in us and to fulfill their expectations.

You are well aware of how weak the economy was when we came to power. Officially, we had been declared a bankrupt nation before the world. For many years, Sri Lanka had no economic growth and was in a debt-ridden economy. The tourism sector had collapsed. Due to the corruption in political authority, investors were unwilling to invest the country. Today, we have changed all that.  We have managed to steer the economy towards growth leading to investments being restored while the confidence in Sri Lanka is increasing internationally.

We are working to start new projects in every area of Sri Lanka to bring the necessary investments to the rural sector, with the aim of improving the participation of rural communities in the national economy.

The first budget of the NPP government has passed. Even though the economy is not yet strong, we focused on two main priorities in the budget: one was to develop infrastructure necessary for economic growth, and the other was to provide relief to people burdened by economic hardships. That’s why we have increased and extended the period of Aswesuma benefits. Further, vouchers to buy schoolbooks was distributed at schools with less than 300 students.

Previous governments were a burden to the people. But today, we have a very small Cabinet of Ministers. The government is no longer a burden to the people. We have reduced expenses, minimized losses, and eliminated corruption.

Because the government  is not a burden to the people, it was able to provide relief to the people. Through this budget, the basic salaries of  the public service has been increased. They have been given the opportunity to work freely. Decisions are now made on statistical data and not based on political preferences. What we expect is an independent public service. We are in need of a people-centered government as well as a public service which should be an efficient, corruption-free and people-sensitive. We have already created the necessary environment for that.

In order to develop the rural economy, the government has allocated a large amount of funding through this year’s budget. But, to ensure that these allocations are used properly to serve the people, the local government institutions need to be cleaned up. If the leaders who represents the villages are corrupt, the funds allocated will become worthless. That is why the upcoming local government elections has become extremely significant and decisive.”

The event was attended by the Members of Parliament Jegadeeswaran and S .Thilakanadan, public representatives, and candidates of local government election representing the NPP.

[Prime Minister’s Media Division]

Continue Reading

News

Batalanda: Why only now and what about the others, asks Mujibur

Published

on

SJB Colombo District MP Mujibur Rahuman launched a fierce critique of the political hypocrisy surrounding the Batalanda Commission report during Thursday’s (10) parliamentary session.

Rahuman pointed to the violent actions of the JVP, which had devastating effects on politicians, police officers, and civilians, as detailed in the Commission’s final report.

He said that the violence had disrupted vital services and created a state of lawlessness, severely affecting the public.

The MP accused political opponents of exploiting the Batalanda issue for electoral advantage, noting that for 36 years, no proposals were made to investigate the assassination of JVP leader Rohana Wijeweera.

He criticized the JVP for forming “probationary” governments with Chandrika Kumaratunga and backing Ranil Wickremesinghe in the yahapalana effort, yet failing to address the Batalanda issue during their tenures.

Rahuman also questioned the current attacks on Wickremesinghe, highlighting that many of his critics had previously collaborated with him. He called attention to the JVP’s statements regarding Gotabaya Rajapaksa’s alleged involvement in a Matale mass grave and the distribution of pamphlets on the subject during the 2022 Galle Face protests.

The MP called for accountability, questioning why no proposals were put forward on these issues when the current government came into power. He also criticized the NPP for its leaders, who, despite being involved in suppressions during the 80s and 90s, now sought positions within the government. Rahuman accused them of hypocrisy, warning against dragging the Batalanda issue into the ongoing election.Rahuman said that the historical wrongs committed by JVP political leaders cannot be erased, regardless of attempts to downplay them.

Continue Reading

Trending