Sri Lanka Launches Centralized Electronic Asset Declaration System to Combat Corruption
Summary
Sri Lanka has launched a Centralized Electronic Asset Declaration System to enhance anti-corruption efforts by requiring government officials and employees to submit their asset details online, replacing the previous paper-based system.
Key Points
- Sri Lanka introduced a Centralized Electronic Asset Declaration System on March 31, 2026, to bolster anti-corruption efforts.
- Government officials and employees are now required to submit their assets and liabilities online through this system.
- The system was established under the Anti-Corruption Act passed in 2023 to centralize and digitize asset declarations.
- The new electronic system aims to increase transparency, prevent conflicts of interest, and enable better public oversight of government officials' financial activities.
