The Central Bank of Sri Lanka (CBSL) intensified efforts to combat the rise in prohibited schemes which threaten financial system stability and public safety.

Using investigative powers under Section 83C(3) of the Banking Act, CBSL is identifying and addressing violations of Section 83C(1), which bans the initiation, promotion, or management of such schemes. Findings are shared with law enforcement to support prosecutions.

Since 2011, CBSL has investigated 20 institutions, including Qnet, MTFE, and Tiens Lanka, with several cases now in court or under further review. Public awareness campaigns continue to educate citizens on the risks of engaging with these schemes.

Accordingly, CBSL reaffirmed its commitment to safeguarding financial integrity and prosecuting offenders.