News
Binance says it functions in conformity with law enforcement here
Apropos our article titled ‘Crypto loopholes funnel Lankan funds abroad,’ on 14th March, 2026, Binance has stated: “These allegations pertain solely to the actions of specific parties; Binance takes action alongside law enforcement to combat fraudulent or illegal activities and remains deeply committed to ensuring the safety and security of all its users.
Binance has already fully cooperated with Sri Lankan law enforcement authorities, by providing the necessary support and information in response to requests. As an Abu Dhabi Global Markets licensed exchange with a fully KYC-ed user base, globally, Binance will continue to support law enforcement agencies throughout the investigation of the bad actors involved. Binance’s share of users and fully licensed status will continue to be a net positive to law enforcement agencies in these situations.
Binance invests hundreds of millions of US dollars in its compliance programme, and a significant share of these resources is dedicated to maintaining a world-class compliance team. 25% of all Binance staff work in compliance. Binance remains committed to maintaining robust compliance policies, modelled on global standards, including Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures.
Transparency, user safety, and regulatory cooperation remain at the core of Binance’s mission, and we remain committed to working collaboratively with authorities to uphold these principles.”
News
Establishment of an Institutional Framework to Inagurate Upper Hydro Catchment Areas Management Authority
Policy approval of the Cabinet of Ministers was granted at their meeting held on 08.06.2026 to establish the Upper Hydro Catchment Areas Management Authority for identification and
execution of a formal and long – lasting remedy to secure the central hills including the upper hydro catchment areas enabling them to sustain amidst extreme weather conditions
due to natural calamities and human activities as well as to be used for the sustainable development of the country.
Accordingly, a concept paper has been prepared including
institutional structure, activities, powers, active subject area as well as administrative and coordination mechanism for the proposed authority by an expert technical committee appointed by the Secretary to the President.
Based on the said concept paper, the Cabinet of Ministers granted approval to the resolution furnished by the President to instruct the Legal Draftsman to prepare a draft bill including legal provisions required for the establishment of Upper Hydro Catchment Areas Management Authority.
News
Introduction of Flora and Fauna (Regulation of actions of the Indigenous Community within the nominated areas) Regulations
With the objective of securing the traditional livelihood and the eco system of the indigenous community, it has been recognized the necessity of introducing a formal regulation methodology to secure their engagement in livelihood activities by being more sensitive to the existing laws.
Thereby, the Fauna and Flora (regularizing) regulations under the Fauna and Flora Protection Ordinance (Authority 469) have been prepared so that nominated activities within the prescribed area to a member of the indigenous community
who has been registered for securing the rights acquired from law or custom or usage or traditional stance to execute an act within a certain state land that is fundamental to the survival of the indigenous community permission can be granted
Accordingly, the Cabinet of Ministers granted approval to the resolution furnished by the Minister of Environment to publish the said regulations in the government gazette notification and thereby submit to the Parliament for its concurrence.
Latest News
M. M. D. J. Senarathne, appointed Director General of the Department of National Botanical Gardens
The Cabinet of Ministers approved the resolution furnished by the Minister of Environment to appoint M. M. D. J. Senarathne, who is the senior most officer in Grade I of Sri Lanka Scientific Service se
Establishment of an Institutional Framework to Inagurate Upper Hydro Catchment Areas Management Authority
Introduction of Flora and Fauna (Regulation of actions of the Indigenous Community within the nominated areas) Regulations
M. M. D. J. Senarathne, appointed Director General of the Department of National Botanical Gardens
Harmanpreet Kaur steps down as India captain
Turkiye, Pakistan agree Saudi Arabia military deployment under Mecca pact
Rumesh Tharanga among nominees announced for World Athlete of the Year 2026
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