SEC educates CID on white collar crimes

Friday, 27 December 2013 00:28 - - {{hitsCtrl.values.hits}}

The Securities and Exchange Commission of Sri Lanka (SEC) as the regulator of the capital market has recently conducted a seminar for the officials of the Criminal Investigation Department (CID) to enhance their knowledge on the capital market and its developments.

It covered operations of the capital market, securities law and market irregularities with emphasis on money laundering. The seminar was conducted by Dhammika Perera, Officer-in-Charge/Deputy Dire-ctor General of the SEC. SEC said a seminar of this calibre is considered vital in an era when the world is collectively looking at combating organised forms of crime which are not only financially strengthened but also propagated through global financial markets. The SEC will continue to work with law enforcement institutions to increase financial literacy among professionals and to curb various market irregularities with the aim maintaining fair, efficient, orderly and transparent markets. The SEC’s initiative is part of its commitment towards promoting, developing and maintaining a capital market that is fair, efficient, orderly and transparent. “Increasing financial literacy to attain the above mentioned is of utmost importance and is among the top priorities of the SEC. Accordingly, the SEC conducts seminars and workshops locally as well as internationally,” the SEC said.