The Sri Lanka Police today (20) officially inaugurated the Proceeds of Crime Investigation Division (PCID), established under the Proceeds of Crime Act No. 05 of 2025.
The division, located at the old Police Headquarters building, was opened under the patronage of Public Security Minister Ananda Wijepala.
The PCID has been created to investigate assets, property, and funds obtained through illegal means.
The Act empowers the new division to coordinate with 34 state institutions and to probe both criminal and non-criminal acquisitions of assets. It can also initiate civil cases in instances of unlawfully acquired property.
Officials said the division will accept public complaints and has the authority to freeze or seize suspicious assets for up to 30 days.
Legal analysts note that the Act gives the Auditor General broader oversight powers — allowing audit findings to be reported directly to the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) — and the law also applies retroactively, enabling action based on past audit reports. (Newswire)