The Cabinet has approved legal action against individuals involved in drug trafficking and organized crime using eZCash and mCash payment methods.
The government said it has observed that these digital payment platforms are being widely used for anonymous financial transactions linked to illegal activities, including drug trafficking and organized crime.
Earlier, the Cabinet approved the appointment of a committee chaired by the Secretary to the Ministry of Public Security and Parliamentary Affairs to study the issue and submit recommendations.
Based on the committee’s recommendations, the Cabinet has now approved a proposal by the Minister of Public Security and Parliamentary Affairs to take necessary steps to prevent such illegal activities.
This includes identifying and taking legal action against individuals involved through a centralized database system.
The proposed system will integrate data from the Central Bank of Sri Lanka, the Sri Lanka Police and the Department of Registration of Persons to track and investigate suspicious transactions.
