Convention on the Suppression of Terrorist Financing (Amendment) Act 2026 · As enacted
16. Amendment of section 16A of the principal enactment
Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.
Official translationFrom Department of Government Printing, unchanged
Section 16A of the principal enactment is hereby amended as follows: -
by the repeal of the definition of the expression
“finance business”;
by the insertion immediately before the definition of the expression “funds or property”, of the following new definitions: -
““armed conflict” means the existence of an armed confrontation between the armed forces of States (international armed conflict), or between governmental authorities and organized armed groups or between such groups within a State
(non-international armed conflict);
“computer data” means any representation of facts, information or concepts in a form suitable for processing in a computer system including a program suitable to cause a computer system to perform a function;
“computer system” shall have the same meaning assigned to it in the
Computer Crime Act, No. 24 of 2007;
“Assistance to countries or inter-governmental organizations.
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Convention on the Suppression of
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Act, No. 18 of 2026
“foreign terrorist fighter”
means an individual who –
travels or attempts to travel from the State or territory of such individual’s residence or nationality to another State or territory; or
travels or attempts to travel from one State or territory to another State or territory, other than the State or territory of such individual’s residence or nationality, for the purpose of perpetration, planning or preparation of, or participation in a terrorist act or providing or receiving terrorist training;”;
by the repeal of the definition of the expression
“funds or property” and the substitution therefor, of the following definition: -
““funds, property or other assets” means-
any currency lawfully or unlawfully acquired including, but not limited to, bank credits, travellers’
cheques, bank cheques, money orders, shares, securities, bonds, drafts, letters of credit and virtual assets;
any property lawfully or unlawfully acquired, whether -
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Convention on the Suppression of
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Act, No. 18 of 2026
corporeal or incorporeal, movable or immovable, tangible or intangible;
kept or situated within or outside Sri Lanka; or
any other assets lawfully or unlawfully acquired, including any economic resource or other asset which may be used to collect funds, goods or services, and includes any legal document or instrument in any form, including electronic or digital, evidencing title to, or interest in, such funds, property or other assets and any interest, dividend or other income on, or value accruing from, or generated by such funds, property or other assets or investments made using such funds, property or other assets;”;
by the insertion immediately after the definition of the expression “funds, property or other assets”, of the following new definition: -
““government facility of Sri Lanka” means the property of the Government, any Ministry or Department of the
Government or Provincial Council, local authority, statutory body, public corporation, bank, embassy, diplomatic or consular premises or other property of the Government of Sri Lanka in any other country;”;
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Convention on the Suppression of
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Act, No. 18 of 2026
by the repeal of the definition of the expression
“institution” and the substitution therefor, of the following definition: -
““institution”
shall have the same meaning assigned to it in the Financial
Transactions Reporting Act, No. 6 of 2006;”;
by the repeal of the definition of the expression
“person” and the substitution therefor, of the following definition: -
““person” means any natural or legal person and includes a body of persons, whether incorporated or unincorporated in or outside Sri Lanka, and a legal arrangement, whether it has legal personality or not, and a branch of such person or body of persons incorporated or established in or outside Sri Lanka;”;
by the insertion immediately after the definition of the expression “person”, of the following new definitions: -
““Proceeds of
Crime
Management
Authority” means the Proceeds of Crime
Management Authority established in terms of the provisions of the Proceeds of Crime Act, No. 5 of 2025;
“Special Manager” means a Special Manager appointed by the High Court in terms of the provisions of the Proceeds of Crime
Act, No. 5 of 2025;”;
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in the definition of the expression “terrorist”-
in paragraph (c) of that definition, by the substitution for the words “act; or”, of the word “act;”;
in paragraph (d) of that definition, by the substitution for the word “act;”, of the words “act; or”; and
by the addition immediately after paragraph (d) of that definition, of the following new paragraph: -
“(e) is a foreign terrorist fighter;”; and
by the addition, immediately after the definition of the expression “terrorist act”, of the following new definition: -
““virtual asset” means a digital representation of value that can be digitally traded or transferred, and can be used for payment or investment purposes, but does not include any digital representation of fiat currencies, securities and other financial assets.”.