Central Bank bans 27 companies and apps over pyramid schemes

Source: Sri Lanka Mirror

Category: General

Region: Sri Lanka

Published: October 28, 2026 at 16:10

📝 Summary

The Central Bank of Sri Lanka (CBSL) has declared 27 companies, mobile applications (apps) and related entities to be prohibited pyramid schemes under Section 83(C) of the Banking Act No. 30 of 1988, as amended. A notice issued by the Central Bank to inform the public states that, following an extensive investigation, it was established […]

🔗 Read Full Article at Sri Lanka Mirror ✨ Extract Article

🏷️ Keywords:

central bank companies apps pyramid schemes bans over lanka cbsl