Cabinet approves legal action against misuse of eZCash and mCash for Crime

Colombo, March 17 (Daily Mirror) - The Cabinet of Ministers has approved taking legal action against individuals using eZCash and mCash money transfer systems for transactions linked to drug trafficking and organized crime. 

Authorities have noted that these platforms are often used for anonymous financial transactions.

Earlier, the Cabinet had approved the formation of a committee, chaired by the Secretary of the Ministry of Public Security and Parliamentary Affairs, to recommend measures to curb such activities. 

The committee has now submitted its proposals, which include creating a consolidated data system integrating the Central Bank of Sri Lanka, Sri Lanka Police, and the Department of Registration of Persons.

The new system is expected to help prevent illegal activities, identify offenders, and facilitate legal action against those involved.