By: Isuru Parakrama
March 29, Colombo (LNW): Sri Lanka is set to roll out a centralised electronic platform for the declaration of assets and liabilities from March 31, marking a significant shift towards digital governance.
The new system is designed to replace the largely paper-based process currently in use, enabling public officials and relevant individuals to submit their financial disclosures through a streamlined online interface. Authorities believe this transition will reduce delays, minimise errors, and improve overall accountability.
Officials noted that the platform will incorporate advanced verification tools capable of flagging inconsistencies in declarations, as well as identifying patterns that may suggest unexplained wealth accumulation. This is expected to enhance the ability of regulators to detect and investigate potential misconduct more effectively.
The Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has described the initiative as a key milestone in modernising Sri Lanka’s anti-corruption framework. By leveraging technology, the commission aims to reinforce institutional independence while ensuring greater transparency in public service.
In addition, the system is expected to improve data accessibility for oversight bodies and could pave the way for closer coordination with other regulatory agencies, further tightening scrutiny over financial disclosures in the country.