The Central Bank of Sri Lanka (CBSL) has recently received many public complaints indicating that some schemes operating through online platforms are misleading investors into depositing money/investing in these schemes by stating factors such as indicated below, in an attempt to justify that they are lawful schemes:
- The scheme is protecting investors’ funds by adhering to the regulations of CBSL;
- The scheme is paying the relevant taxes to the Government;
- Participants of the schemes have to pay a personal income tax from their funds to CBSL, in order to withdraw funds and if not, their funds would be frozen by CBSL;
- The scheme has had discussions with CBSL.
CBSL strongly denies the above statements and wishes to inform the public that there is no truth in these statements.