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.
The Editor, of Lankaenews website Sandaruwan Senadheera was arrested at the Bandaranaike International Airport while returning from UK.
A QR Code for fuel distribution for vehicles has been implemented from today.
Prices of both used and modified vehicles are expected to drop with the government’s decision to remove the surcharge of 50 per cent imposed on vehicles
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