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.
A Thai woman walking topless in Arugam Bay town has been arrested by the Police.
The UK government has unveiled a package of reforms to simplify imports from developing countries which allows for more garments manufactured in Sri Lanka to enter the UK tariff-free.
The Cabinet has approved a proposal for Sri Lankans overseas to apply for their passports through an online system via the Lankan diplomatic missions.
Cabinet has approved the appointment of Commodore (retired) M.B.N.A. Premaratne of the Sri Lanka Navy, as the new Commissioner General of Excise.
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