This commitment requires Sri Lanka to ensure compliance with UNCAC. Compliance status of the mandatory provisions are as follows:
Article 23 - Laundering of proceeds of crime
No compliance update present
Article 23.1 Adopt legislative and other measures to establish as criminal offences, when committed intentionally:
(ii) The concealment or disguise of the true nature, source, location, disposition, movement or ownership of or rights with respect to property, knowing that such property is the proceeds of crime
Financial Intelligence Unit (FIU)
Link to the Money Laundering Act http://fiusrilanka.gov.lk/docs/ACTs/PMLA/Money_Laundering_Act_2006-5_(English).pdf
Link to Financial Transaction Reporting Act http://fiusrilanka.gov.lk/docs/ACTs/FTRA/Financial_Transactions_Reporting_Act_2006-6_%28English%29.pdf
Article 23.1 (b) Adopt legislative and other measures to establish as criminal offences, when committed intentionally
(i) The acquisition, possession or use of property, knowing, at the time of receipt, that such property is the proceeds of crime;
(ii) Participation in, association with or conspiracy to commit, attempts to commit and aiding, abetting, facilitating and counselling the commission of any of the offences established in accordance with this article.
Special Presidential Task Force on Recovery of State Assets (START), Financial Intelligence Unit (FIU)
Link to the Money Laundering Act http://fiusrilanka.gov.lk/docs/ACTs/PMLA/Money_Laundering_Act_2006-5_(English).pdf
Article 23.2 For purposes of implementing or applying paragraph 1 of this article:
(a) Seek to apply paragraph 1 of this article to the widest range of predicate offences;
(b) Include as predicate offences at a minimum a comprehensive range of criminal offences under UNCAC. These offences must include offences committed both within and outside Sri Lanka. Offences committed outside constitute predicate offences only when that conduct is a criminal offence under Sri Lankan law
Financial Intelligence Unit (FIU) , Special Presidential Task Force on Recovery of State Assets (START)
• Section 35 of the Prevention of Money Laundering Act No 5 of 2006 as amended by the Prevention of Money Laundering (Amendment) Act, No. 40 of 2011 (Section 19 (4)) (“unlawful activity”) covers a broad range of offences that come under the law.
• Section 35 (p) of the Prevention of Money Laundering Act No 5 of 2006 as amended by the Prevention of Money Laundering (Amendment) Act, No. 40 of 2011 covers offences committed within and outside Sri Lanka.
Link to the Prevention of Money Laundering Act http://fiusrilanka.gov.lk/docs/ACTs/PMLA/Money_Laundering_Act_2006-5_(English).pdf
Link to the Prevention of Money Laundering (Amendment) Act http://fiusrilanka.gov.lk/docs/ACTs/MLAmendment/Act40E.pdf
Article 23.2 (d) Furnish copies of such laws and subsequent changes or a description to the Secretary-General of the United Nations.
Commission to Investigate Allegations of Bribery or Corruption (CIABOC)
• Copies not furnished yet.