The Central Bank has imposed fines totalling Rs. 5.5 million on six banks over failure to report suspicious transactions and other offenses under the Financial Transactions Reporting Act, No. 6 of 2006 (FTRA).
The fines were imposed between November 17, 2022 and March 31, 2023 for offenses committed for non-compliance with the provisions of the FTRA, the banking regulator announced on Tuesday.
The Pradeshiya Sanwardhana Bank was fined Rs. 500,000 while five other banks - HDFC Bank, Seylan Bank, Sampath Bank, Hatton National Bank and People’s Bank were each fined Rs. 1 million.
First Bishop of the Batticaloa Diocese, Retired Bishop Joseph Ponnaiya, passed away today at the age of 74, following a brief illness.
The NPP government has been at the wheel for almost 6 months now. The time to keep looking at the rear view mirror and living in the past is about over.
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