22.
| (1) Where a supervisory authority or an auditor of an Institution has reasonable grounds to suspect that information that it has concerning any transaction or attempted transaction may, be -
| | (a) relevant to an investigation or prosecution of a person or persons for any unlawful activity ; | | |
| | (b) of assistance in the enforcement of the provisions of the Prevention of Money Laundering Act, No. 5 of 2006 and the Convention on the Suppression of Terrorist Financing Act, No. 25 of 2005 ; | | |
| | (c) related to the commission of any offence constituting an unlawful act; or | | |
| | (d) preparatory to the offence of the financing of terrorism, | | |
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| (2) The supervisory authority shall at the request of the Financial Intelligence Unit carry out any examination into any transaction or other matter relating to the Institution and report on such examination to the Financial Intelligence Unit. |
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| (3) The Financial Intelligence Unit shall consult the supervisory authority in respect of the issue of guidelines, directions or regulations to an Institution which is regulated by such supervisory authority and shall furnish to the supervisory authority copies of all guidelines, regulation or directions issued to such Institution. |
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Sri Lanka Consolidated Acts