FIU signs MoU with Commission to Investigate Allegations of Bribery or Corruption

Financial Intelligence Unit Director Dr. Subhani Keerthiratne (left) exchanges MoU signed with CIABOC Director General Kanishka Wijeratne in the presence of Central Bank Chairman and AML/CFT National Coordinating Committee Chairman Dr. P. Nandalal Weerasinghe and CIABOC Commissioner Chethiya Goonasekera, PC 

The Financial Intelligence Unit (FIU) of Sri Lanka has entered into a Memorandum of Understanding (MoU) with the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) to exchange information relating to investigations and prosecutions of money laundering, bribery or corruption, and other related offences.

The new Anti-Corruption Act, No. 9 of 2023 has empowered the CIABOC to share information relevant to any investigation with any local law enforcement authority or any other Government authority. In terms of the Financial Transactions Reporting Act, No. 6 of 2006 (FTRA), the FIU can enter into MoUs with any domestic Government institution to exchange information. 

The MoU between the CIABOC and the FIU would enable both institutions to exchange information, which is vital for prevention, detection and prosecution of money laundering, bribery or corruption, and other related offences.

Since 2008, the FIU has entered into 44 MoUs with foreign counterparts as well as 13 MoUs with domestic Government agencies including Sri Lanka Customs, Department of Immigration and Emigration, Inland Revenue Department, Department for Registration of Persons, Sri Lanka Police, Excise Department of Sri Lanka, etc., in order to share information to strengthen the AML/CFT framework of the country.

FIU Director Dr. Subhani Keerthiratne and CIABOC Director General Kanishka Wijeratne signed the MoU witnessed by CBSL Governor Dr. P. Nandalal Weerasinghe in the capacity as the Chairman of the Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) National Coordinating Committee and CBSL Deputy Governor K.M.A.N. Daulagala, a member of the AML/CFT Task Force.