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The Financial Crimes Investigation Division was formed on 26 February 2015 under the purview of Sri Lanka Police Service. FCID is directly responsible in handling the investigations on the corruption charges against the Rajapaksa Administration and the public service that involved in large-scale corruption which led to destabilize the Government revenue.
Penal Code (Ordinance No. 2 of 1883) enacts the Criminal and Penal law of Sri Lanka. The Act/Law was adopted in 1883. The Act/Law was adopted in 1883. There were two amendments carried out as Penal Code (Amendment) Act, No. 22 of 1993., Penal Code (Amendment) Act, No. 16 of 2006.
In 2008–2009, a report on "Money laundering and the financing of terrorism" to the European Union Committee stated a case study related to the LTTE which evidenced the implantation of this terrorist group in number of EU member states. [22] In January 2011, Swiss authorities arrested several LTTE members on money laundering charges. [23]
China, Anti-Money Laundering Bureau of the People's Bank of China, 2012-2014; New Zealand, Ministry of Justice, 2014-2016; Sri Lanka, Central Bank of Sri Lanka, 2016-2018; Bangladesh, Bangladesh Financial Intelligence Unit, 2018-2020; Malaysia, Bank Negara Malaysia, 2020-2022.
Money laundering is the process of illegally concealing the origin of money obtained from illicit activities (often known as dirty money) such as drug trafficking, underground sex work, terrorism, corruption, embezzlement, and treason, and converting the funds into a seemingly legitimate source, usually through a front organization.
According to Transparency International's 2023 Corruption Perceptions Index (CPI), Sri Lanka scored a 34 on a scale from 0 ("highly corrupt") to 100 ("very clean"). When ranked by score, Sri Lanka ranked #115 among the 180 countries in the Index, where the country ranked #1 is perceived to have the most honest public sector. [1]
Central Bank of Sri Lanka bond scandal which is also referred as CBSL bond scam was a financial laundering scam which happened on 27 February 2015 and caused losses of more than US$ 11 million to the nation. [1]
The Rajapaksa family (Sinhala: රාජපක්ෂ, romanized: Rājapakṣa) is a Sri Lankan family that is prominent in politics.It was one of Sri Lanka's most powerful families during Mahinda Rajapaksa's presidency, [1] when many members of the family occupied senior positions in the Sri Lankan state.