Two accused of transferring US$ 47,000 via Undiyal system arrested

Date:

The Police Special Task Force (STF) has arrested two persons accused of attempting to transfer US$ 47,000 via the Undiyal system, based on a tip-off.

Accordingly, the two were arrested during a raid in Boralesgamuwa.

The suspects are accused of attempting to transfer dollars via the controversial underground money transfer system in order to get more money from the banks.

The two are to be prosecuted for money laundering, reports added.

MIAP

Share post:

spot_imgspot_img

Popular

More like this
Related

Short-Term Stability Masks Sri Lanka’s Rising Structural Vulnerabilities

Market confidence in Sri Lanka’s financial system remains intact...

External Debt Climbs Up to US $37.66 Billion as IMF Discipline Tested

Sri Lanka’s external debt stock is inching upward again...

SEC’s Expanding Powers Ignite Constitutional Showdown

As at 3 March, the Securities and Exchange Commission...

Sri Lanka faces Remittances, Tea, and Tourism Triple Risk from Gulf Conflict

Sri Lanka’s economic exposure to the Middle East runs...