Financial and economic sanctions relating to economic crimes in Sri Lanka

Abstract

Purpose

The purpose of this paper is to provide an overview of the salient legislative provisions aimed at curbing financial and economic crime.

Design/methodology/approach

The paper presents an analysis of financial and economic crime in Sri Lanka.

Findings

The paper underlines the practical limitations in enforcing the laws and regulations and highlights the need for political will, allocation of resources for law enforcement, capacity building within enforcement agencies and international cooperation as essential conditions for effective law enforcement.

Originality/value

Sri Lanka's experience suggests both what is possible as well as not possible to deal with terrorism using law as a tool.

Citation

Jayasuriya, D. (2008), "Financial and economic sanctions relating to economic crimes in Sri Lanka", Journal of Financial Crime, Vol. 15 No. 4, pp. 364-368. https://doi.org/10.1108/13590790810907209