US EditionSri Lanka’s SEC warns public over investment advice; CB over pyramid scheme
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CBSL says no to public on prohibited pyramid schemes - Business News LK
The Central Bank of Sri Lanka (CBSL) has issued an immediate public notice regarding prohibited pyramid schemes, following an investigation conducted under Section 83 (C) of the Banking Act, No. 30 of 1988. The CBSL investigation concluded and formally determined that the entity “SGO/sgomine.com” has been actively engaged in, conducted, and promoted a prohibited scheme. The notice emphasizes that this determination places the company firmly in v…
Notice to General Public on Prohibited Pyramid Schemes | Central Bank of Sri Lanka
In terms of Section 83 (C) of the Banking Act, No. 30 of 1988, as amended, the Central Bank of Sri Lanka has conducted an investigation, ascertained and determined that “SGO/sgomine.com” has engaged, conducted and promoted a prohibited scheme. FULL TEXT Published Date: Wednesday, November 19, 2025
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