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

CEB Losses Rekindle Tariff Tensions under IMF Watch hitting consumers

CEB Losses Rekindle Tariff Tensions under IMF Watch hitting consumers

When Disaster Recovery Meets Corporate Power

When Disaster Recovery Meets Corporate Power

Strategic Promises, Trade Silence: Sri Lanka Awaits US Clarity

Strategic Promises, Trade Silence: Sri Lanka Awaits US Clarity

Dollar Bond Fund Gains, But Regulatory Questions Persist

Dollar Bond Fund Gains, But Regulatory Questions Persist