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As enacted
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Part VII · General Provisions

62. Agreements and arrangements by the Board for purposes of exchange of information

Official English translation. The Sinhala text prevails.

(1)

The Board may, with the approval of the Minister, enter into an agreement or arrangement, in writing, with-

(a)

an institution or agency of a foreign State or an international organization established by the governments of a foreign State that has powers, functions, and duties similar to those of the

Authority; and

(b)

a foreign law enforcement agency or a foreign supervisory authority, regarding the exchange of information between the Authority and the relevant institutions specified in this subsection.

(2)

The information exchanged under subsection (1)

shall be information that the Board has reasonable grounds to suspect that would be relevant to the investigation or prosecution of an offence constituting an unlawful activity or an offence that is substantially similar to such an offence under this Act.

(3)

An agreement or arrangement entered into under subsection (1) shall include the following: -

(a)

restrictions on the use of information for purposes relevant to investigating or prosecuting any act constituting an unlawful activity or an offence that is substantially similar to such offence; and

(b)

the stipulation that the information be treated in a confidential manner and not be further disclosed without the express consent of the Board.