The government is planning to present three Bills in Parliament within the first quarter of this year, aiming to recover stolen assets, deter money laundering, drug trafficking and related vices, Justice Minister Harshana Nanayakkara said today.
Speaking during the adjournment debate on the government’s policy statement delivered by the President, the Minister said the three legislations are the Proceeds of Crime Bill, Rescue, Rehabilitation and Insolvency Bill and amendments to the Audit Act.
He said the idea of introducing the three Bills is to recover stolen assets, trace proceeds of crimes and effectively deter money laundering, drug trafficking and all related vices.
The Minister said the Insolvency Act and the Audit Act will improve creditor confidence and protect the debtors’ rights while brining uniformity and update.
The Port City, Colombo on Friday will break ground for its Marina development, which is…
While implementing the International Mobile Equipment Identity (IMEI) Registration System, the Telecommunications Regulatory Commission of…
he Ministry of Foreign Affairs, Foreign Employment and Tourism in collaboration with the Registrar General’s…
Partly constructed school buildings under the 'Langama Pasala Hondama Pasala' programme launched by the Yahapalana…
Sri Lanka is exploring avenues to channel foreign earnings into local investments to boost its…
Veteran Sri Lanka all-rounder Angelo Mathews is disappointed at the number of Test matches his…