π Summary
A web of weak enforcement, poor inter-agency coordination, inadequate banking oversight and anonymous shell companies enabled fraudsters to move an estimated US$715 million out of Sri Lanka through bogus import transactions, Parliamentβs Committee on Public Finance (CoPF) has found. The findings, revealed during this weekβs CoPF proceedings, paint a picture of systemic regulatory failures across [β¦] The post Banks, Customs Failures Allowed Fraudsters to Drain Millions Overseas appeared first on Lankanews.lk .