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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.
The Sri Lanka Interbank Payment System, commonly known as SLIPS, is a LKR-only online interbank payment and fund transfer system in Sri Lanka. [1] [2]SLIPS is owned by LankaClear, an organization owned by the Central Bank of Sri Lanka and all Licensed Commercial Banks operating in Sri Lanka, with 47.19% of shares held by the CBSL and State owned commercial banks, and 52.81% by other private banks.
Sri Lanka is a participant in the prostitution industry, and most consumers of the trade in the country are foreign travellers. [8] Nevertheless, most prostitution-related acts, such as prostitute trafficking and procuring are illegal. Prostitution has not become as severe an issue in Sri Lanka as compared to the situation in some neighbouring ...
This bond issue also caused disputes between the Government of Sri Lanka and Government of Singapore over the extradition requests of Arjuna Mahendran to Sri Lanka. [ 4 ] On 3 September 2019, Singapore's Ministry of Foreign Affairs clarified that the government would consider the extradition request from Sri Lanka once the necessary supporting ...
The legal system in Sri Lanka comprises collections of codified and uncodified forms of law, of many origins subordinate to the Constitution of Sri Lanka which is the highest law of the island. Its legal framework is a mixture of legal systems of Roman-Dutch law , English law , Kandian law , Thesavalamai and Muslim law .
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]
Sri Lanka is a part of a constituency with Bangladesh, Bhutan, and India. The representative of this constituency on the IMF executive board is Surjit Singh Bhalla. This constituency has 3.05% of the total voting power of the IMF. Individually, Sri Lanka has 7,247 total votes, or .15% [clarification needed] of the total voting power of the IMF. [4]
Kandyan law is the customary law that originated in the Kingdom of Kandy, which is applicable to Sri Lankans who are Buddhist and from the former provinces of the Kandyan Kingdom before the 1815 Kandyan Convention. It is one of three customary laws which are still in use in Sri Lanka. The other two customary laws are the Thesavalamai and the ...