Financial Crimes Investigation Division (FCID) to Be Reestablished Next Week

The Sri Lankan government is set to establish the Financial Crimes Investigation Division (FCID) next week to address financial crimes, as announced by Public Security Minister Ananda Wijepala in Parliament. This move is part of a broader initiative to enhance the country's crime investigation capabilities. Plans include converting the FCID into a fully-fledged investigative arm, similar to the Criminal Investigation Department (CID), and placing both under a Senior Deputy Inspector General (DIG). Additionally, a Central Crime Investigation Bureau will be established to oversee all criminal investigative units nationwide.

The FCID was originally established on February 26, 2015, to investigate serious financial frauds, misuse of state assets, and other complex financial crimes. However, it was disbanded in 2019 due to various challenges, including allegations of political interference and inefficiencies.

The re-establishment of the FCID reflects the government's renewed commitment to combating financial crimes and ensuring accountability within the financial sector.