Sri Lanka has launched the Proceeds of Crime Investigation Division (PCID) to trace and recover assets acquired through corruption and criminal activity. Established under the newly passed Proceeds of Crime Act, the unit will function under the Inspector General of Police and work closely with the Bribery Commission (CIABOC). The Act introduces non-conviction-based forfeiture, allowing authorities to seize suspicious assets even without a prior conviction. The PCID, based at the Old Police Headquarters in Colombo, will be officially inaugurated by Minister Ananda Wijepala. Police have already confiscated assets worth Rs. 4.5 billion, including luxury properties, vehicles, and Rs. 57 million in cash. Officials say the division marks a stronger phase in the government’s anti-corruption drive, aiming to dismantle criminal wealth networks and restore public confidence. Experts, however, stress that transparency and political independence will be key to ensuring lasting success.
