Sri Lanka Central Bank Imposes Rs.14.6mn Worth Penalties on Key Firms for Non-Compliance

Sri Lanka Central Bank imposes Rs.14.6mn worth penalties on key firms for non-compliance

ECONOMYNEXT – Sri Lanka Central Bank’s Financial Intelligence Unit (FIU) imposed administrative penalties worth Rs. 14.6 million from 11 firms including Indian Overseas Bank for non-compliance with the provisions of the Financial Transactions Reporting Act (FTRA), the Central Bank said in a statement. The penalties were imposed on various financial institutions and designated non-financial businesses and professions (DNFBPs) between October 2025…

Central Bank Steps Up Enforcement With Rs. 14.6 Million in Penalties - Business News LK

The Financial Intelligence Unit (FIU) of the Central Bank of Sri Lanka (CBSL) has imposed Rs. 14.6 million in administrative penalties on 11 financial institutions for breaching the Financial Transactions Reporting Act, No. 6 of 2006. The FIU identified the violations between October 2025 and March 2026, the Central Bank said. The penalties relate to failures to comply with the reporting requirements set out in the Financial Transactions Reporti…

CBSL Imposes Rs. 14.6 Million in Fines on 11 Companies for Regulatory Violations

Under the authority granted by Section 19 (1) in conjunction with Section 19 (2) of the Financial Transactions Reporting Act, No. 6 of 2006 (FTRA), […] The post CBSL Imposes Rs. 14.6 Million in Fines on 11 Companies for Regulatory Violations appeared first on FINANCIAL CHRONICLE.

CBSL fines 11 institutions Rs. 14.6 Mn over non‑compliance

The Central Bank of Sri Lanka’s Financial Intelligence Unit (FIU) announced that eleven reporting institutions have been fined a total of Rs. 14.6 million for failing to comply with provisions of the Financial Transactions Reporting Act (FTRA), No. 6 of 2006 between October 2025 and March 2026. The FIU, acting as Sri Lanka’s regulator for Anti‑Money Laundering and Countering the Financing of Terrorism (AML/CFT), imposed administrative penalties …

Administrative Penalties imposed by the Financial Intelligence Unit on Reporting Institutions from October 2025 to March 2026 | Central Bank of Sri Lanka

By virtue of the powers vested under Section 19 (1) read together with section 19 (2) of the Financial Transactions Reporting Act, No. 6 of 2006 (FTRA), financial penalties are imposed on Institutions for non-compliance with the provisions of the FTRA. In terms of the FTRA, the penalty may be prescribed by taking into consideration the nature and gravity of relevant non-compliances of the Institutions. Accordingly, as Sri Lanka’s regulator for A…