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

Vehicle Plan Reflects Deep Structural Gaps in Public Health

Vehicle Plan Reflects Deep Structural Gaps in Public Health

Decades of Missteps Leave Sri Lanka Blind to Extreme Weather

Decades of Missteps Leave Sri Lanka Blind to Extreme Weather

Widening Tax Exemptions Undermine Sri Lanka’s Economic Recovery

Widening Tax Exemptions Undermine Sri Lanka’s Economic Recovery

Former Speaker Asoka Ranwala Arrested!

Former Speaker Asoka Ranwala Arrested!