UN Convention Against Corruption

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:

    1. a) (i) The conversion or transfer of property, knowing that such property is the proceeds of crime, for the purpose of concealing or disguising the illicit origin of the property or of helping any person who is involved in the commission of the predicate offence to evade the legal consequences of his or her action;

    (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)

    • Sections 3 (offence of money laundering) and 35 (interpretation of “transaction”) of the Money Laundering Act No. 5 of 2006 is applicable.

    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)

    • Section 3 (2) of Money Laundering Act No. 5 of 2006 and sections 100 (abetment) and 113A (conspiracy) of the Penal Code cover this article.

    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.

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