ECONOMYNEXT – Sri Lanka’s central bank Financial Intelligence Unit has collected 9.5 million rupees in administrative penalties from several reporting institutions, including LOLC Finance and National Development Bank from July to September 2025. Financial penalties were imposed on LOLC Finance, Fintrex Finance, Rank Entertainment (Pvt) Ltd (Casino Marina), Pan Asia Banking Corporation, Bullion Exchange, National Development Bank, and Mobitel for non-compliance with the provisions of the Financial Transactions Reporting Act, No. 6 of 2006. The penalties were “prescribed by taking into consideration the nature and gravity of relevant non-compliances of the Institutions” the central bank said. “Accordingly, as Sri Lanka’s…
Sri Lanka regulator collects Rs9.5mn as penalties from reporting institutions
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