Central Bank identifies additional entities involved in prohibited schemes

Date:

April 23, Colombo (LNW): The Central Bank of Sri Lanka (CBSL) has announced the identification of eight additional entities involved in conducting or having conducted prohibited schemes.

In a notice addressed to the general public, the Central Bank emphasised that participating in pyramid schemes constitutes a punishable offense under Sri Lankan law.

The CBSL reiterated its ongoing efforts to safeguard consumers and preserve the integrity of the financial system by combatting illicit financial activities.

Share post:

spot_imgspot_img

Popular

More like this
Related

Authorities Issue Red Alert for Mahaweli Basin as Flood Risk Intensifies

Authorities Issue Red Alert for Mahaweli Basin as Flood Risk Intensifies

Adverse Weather Conditions: Death Toll Rises to 47

Adverse Weather Conditions: Death Toll Rises to 47

Tender Irregularities Raise Concerns Over BIA Project Progress

Tender Irregularities Raise Concerns Over BIA Project Progress

Sri Lanka’s AI Ambitions Threatened by Insufficient Budget Allocations

Sri Lanka’s AI Ambitions Threatened by Insufficient Budget Allocations