Sri Lanka, May 3 -- Grand corruption has long plagued Sri Lanka, undermining the country's economic development and eroding public trust in the government. Citizens have been increasingly vocal in their demand for justice, transparency, and the return of illicitly acquired wealth to benefit the nation. The Proceeds of Crime Act (POCA) intends to provide a legal framework for tracing, seizing, recovering, and managing illicitly acquired assets hidden offshore, ensuring that perpetrators of corruption are held accountable and that stolen assets are returned to their rightful owners-the people of Sri Lanka.
Recognizing the absence of a comprehensive and consistent legislative framework in Sri Lanka for the purpose mentioned, there has been a ...