Deputy Minister of Public Security Sunil Watagala says the Proceeds of Crime Bill, the draft bill for the government’s recovery of assets acquired through illegal means, will be presented to Parliament tomorrow, 08 April 2025.
Addressing a public meeting, the Deputy Minister said the government is fulfilling its responsibility to build the law-abiding society that the people have been hoping for.
He further said that those who illegally acquired public property have become frightened at present.
The Proceeds of Crime Bill aims to combat financial crime by addressing gaps in the legal system that allow criminals to retain control over illicitly obtained assets.
The bill empowers authorities to trace, freeze, and seize property linked to unlawful activities while establishing mechanisms for their management and eventual disposal.
Key features of the bill include the establishment of designated officers and investigation teams tasked with identifying proceeds of crime, utilising advanced investigative methods such as forensic audits and digital analysis. (Islandnews)
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