### Sri Lanka to Launch Unified Data System to Combat Digital Financial Crime 🛡️

The Cabinet has approved a consolidated data-sharing framework to curb the misuse of mobile money platforms for illegal activities, targeting gaps in anonymous digital transactions. • Key Institutions: The system will integrate real-time data from the Central Bank of Sri Lanka, Sri Lanka Police, and the Department of Registration of Persons. • Targeted Platforms: Authorities specifically identified mobile money services like eZ Cash and mCash as being exploited for transactions linked to drug trafficking and organized crime. • Regulatory Objective: The move aims to eliminate "investigative gaps" by linking digital financial footprints directly to verified personal identification and law enforcement records. • Enforcement: Under the proposal by Minister Ananda Wijepala, the framework enables faster identity verification and legal action against offenders bypassing current oversight mechanisms. • Context: This initiative follows recommendations from a Special Committee tasked with strengthening the ICT/BPM and financial services regulatory landscape to ensure national security. _Status: Implementation cleared following Cabinet approval on Monday._ ---