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Accounting Lapse Exposes Control Gaps at State Bank Giant Peoples Bank - LNW Lanka News Web
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Accounting Lapse Exposes Control Gaps at State Bank Giant Peoples Bank - LNW Lanka News Web
By: Staff Writer May 19, Colombo (LNW): An internal accounting irregularity at People’s Bank has drawn scrutiny after the institution disclosed that an exchange rate application error within a specific remittance processing system led to certain customers receiving excess payments over a prolonged period from May 2023 to March 2026. While the bank has described the issue as an operational error that has now been fully corrected, the scale and d…
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