The Central Bank’s Financial Intelligence Unit (FIU) has imposed fines on four finance companies for violations of section 19 (2) of the Financial Transactions Reporting Act, No. 6 of 2006 (FTRA),
They are Merchant Bank of Sri Lanka & Finance PLC in a sum of Rs. 300,000 for not reporting pawning auction transactions exceeding Rs. 1 million; Vallibel Finance PLC in a sum of Rs.200,000 for not reporting transactions exceeding Rs. 1 million; LB Finance PLC in a sum of Rs. 700,000 for not reporting pawning auction transactions exceeding Rs. 1 million; and People's Leasing & Finance PLC in a sum of Rs. 500,000 for failing to reporting electronic fund transfer relating to opening of a fixed deposit exceeding Rs.1 million.
The banking regulator said that these financial penalties were imposed on institutions for non-compliance with the provisions of the FTRA.
Accordingly, the FIU collected penalties as indicated above, amounting to Rs. 1.7 million in total from April 1, 2023 to September 16, 2023 to enforce compliance on financial institutions.
Several shops were damaged in a major fire that broke out in a shop on the third floor of a building at First Cross Street in Pettah, Colombo, today evening.
The number of Buddhist monks who were killed following the accident at the Na Uyana Theravada Buddhist Monastery (Na Uyana Aranya Senansenaya) in Pansiyagama, Melsiripura, Kurunegala currently stands at nine , with four injured, Minister of Buddhasasana, Religious and Cultural Affairs Prof. Hiniduma Sunil Senevi told Parliament this morning. He revealed that two of the injured Buddhist monks are being treated at the Intensive Care Unit (ICU
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The opposition has renewed its demand for a long delayed forensic audit into the controversial e-visa deal, following the sentencing of former Controller General of Immigration, Harsha Ilukpitiya, for contempt of court.
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