Sri Lanka Launches Centralized Electronic Asset Declaration System to Combat Corruption

The Sri Lankan government launched the 'Centralized Electronic Asset Declaration System' starting Monday (March 31, 2026) to make anti-corruption efforts more effective. Under this system, government officials, employees working in state institutions, and other individuals specified by law are now mandated to submit details of their assets and liabilities online. Previously, asset declarations had to be filled out on paper documents and submitted to the Commission, but the new system utilizes digital means to make the entire process faster, more transparent, and monitorable.

This move was implemented in accordance with the Anti-Corruption Act passed in 2023, which mandated the establishment of a centralized database for asset and liability statements. This not only simplifies the registration process but also strengthens the identification of conflicts of interest, prevention of misuse, and public oversight. The system will keep the details of personal assets secure in the Commission's database and will be made publicly accessible when necessary.

Sri Lanka has a long history of asset declaration laws. According to the Assets and Liabilities Declaration Law implemented in 1975, only certain government officials were required to submit their financial statements. This scope was expanded through an amendment in 1988. The new Act now includes even more officials and employees in this process, which helps ensure corruption control and transparency.

Officials will submit their asset details through the Commission's online portal. The system will automatically check and manage the information, reducing human error and enabling faster reporting. Furthermore, the Commission will provide redacted details to make necessary information public and increase monitoring. This will make it easier for the public to monitor the financial activities of government officials.