- Last Update 2025-06-27 09:45:00
Central Bank fines two entities for ‘not reporting violations’
The Central Bank’s Financial Intelligence Unit (FIU) has fined two financial services’ providers a total of Rs. 3 million for violations during November-December 2024 under anti-money laundering laws.
The Indian Bank was imposed a fine of Rs. 2 million and Amana Takaful Life Rs. 1 million.
The penalties were imposed for non-compliance with the provisions of the Financial Transactions Reporting Act (FTRA), the banking regulator said in a media release.
The Indian Bank was penalized for failure to report several Electronic Fund Transfer transactions where the amount of such transfers exceeded Rs.1 million or its equivalent in any foreign currency, among other violations while Amana Takaful Life PLC was penalised for failing to maintain an updated complete list of designated persons, groups and entities as per rules, among other violations.
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- June 20, 2025 - 155 - 0
NPP MP Harshana Suriyapperma resigns from Parliament
Deputy Minister of Finance and Economic Stabilization and NPP National List MP Harshana Suriyapperuma who is tipped to be named the next Finance Ministry Secretary resigned from Parliament today.
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