This commitment requires Sri Lanka to ensure compliance with UNCAC. Compliance status of the mandatory provisions are as follows:
Article 39 - Cooperation between national authorities and the private sector
No compliance update present
Article 39.1 Take measures to encourage cooperation between national investigating and prosecuting authorities and entities of the private sector, in particular financial institutions, relating to matters involving the commission of offences established under UNCAC.
Commission to Investigate Allegations of Bribery or Corruption (CIABOC), Financial Intelligence Unit (FIU)
• As per section 4 of the CIABOC Act No 19 of 1994, CIABOC can receive a communication outlying an allegation of an offence under the Bribery Act No. 11 of 1954 or the Declaration of Assets and Liabilities Law by any person.
• CIABOC can obtain from a manager of any bank any book, document or cheque of the bank containing entries relating to the account of any person, against whom an allegation has been made under the Bribery Act No. 11 of 1954 or the Declaration of Assets and Liabilities Law , as per section 5 (1) (d) of the Act.
• As per section 5 of the Prevention of Money Laundering Act, No. 5 of 2006 as amended by the Act No. 40 of 2011 financial institutions and other persons are required to report to the Financial Intelligence Unit (FIU) on suspicious financial transaction.
Link to Commission to Investigate Allegations of Bribery or Corruption Act https://www.ciaboc.gov.lk/images/Publications/Commission_Act_english.pdf
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