Sri Lanka’s regulator for Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) under the aegis of the Central Bank has fined seven entities a total of Rs.9.5 million for irregular transactions under the Financial Transactions Reporting Act, No. 6 of 2006 (FTRA).
The banking regulator said in a media release that in terms of the FTRA, the penalty may be prescribed by taking into consideration the nature and gravity of relevant non-compliances of the institutions.
The penalties were imposed between July to September 2025 and the money credited to the Consolidated Fund. Accordingly LOLC Finance was fined Rs. 2 million, Bullion Exchange Rs. 2 million, Mobitel (Pvt) Ltd Rs. 2 million, National Development Bank PLC Rs. 1 million, Fintrex Finance PLC Rs. 1 million, Pan Asia Banking Corporation PLC Rs. 1 million and Rank Entertainment (Pvt) Ltd (Casino Marina) Rs. 500,000.
Former President’s Secretary Saman Ekanayake was today remanded until February 11 by the Fort Magistrate in relation to the case where former President Ranil Wickremesinghe is alleged to have misused Rs. 16.6 million in state funds during a visit to the UK to attend his wife’s graduation ceremony at the University of Wolverhampton.
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A group of fishermen yesterday claimed that they were assaulted by Indian Coastal guards while returning back to Sri Lanka.
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