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

Weather Alert: Showers, Thundershowers & Morning Mist Expected Across Several Provinces

Showers or thundershowers may occur at several places in...

Crisis-hit Sri Lanka: Death toll rises to 465

Crisis-hit Sri Lanka: Death toll rises to 465

Swift Compensation Plan Launched for Farmers Hit by Widespread Flooding

Swift Compensation Plan Launched for Farmers Hit by Widespread Flooding

Private Credit Surge Signals Growing Risks and Opportunities in Economy

Private Credit Surge Signals Growing Risks and Opportunities in Economy