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Administrative Penalties imposed by the Financial Intelligence Unit on Reporting Institutions from October 2025 to March 2026

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 Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT), the Financial Intelligence Unit (FIU) collected penalties as indicated below, amounting to Fourteen Million Six Hundred Thousand Rupees (Rs. 14,600,000) in total, from October 2025 to March 2026, to enforce compliance of the Institutions. The money collected as penalties was credited to the Consolidated Fund. 

SL Purchasing Managers’ Index (PMI) – June 2026

Purchasing Managers’ Indices indicate expansions in both Manufacturing and Services activities in June 2026.

Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) recorded an index value of 53.0 in June 2026. This indicates continued expansion in manufacturing activities, albeit at a slower pace than the previous month. 

Extension of the Suspension of Business of Perpetual Treasuries Limited

The Central Bank of Sri Lanka, acting in terms of the Regulations made under the Registered Stock and Securities Ordinance and the Local Treasury Bills Ordinance, has decided to extend the suspension of Perpetual Treasuries Limited (PTL) from carrying on the business and activities of a Primary Dealer for a further period of six months with effect from 4.30 p.m. on 05th July 2026, in order to continue the investigations being conducted by the Central Bank of Sri Lanka. 

Extension of the Term of the Administrator Appointed to Nation Lanka Finance PLC under the Banking (Special Provisions) Act, No. 17 of 2023

The Central Bank of Sri Lanka (CBSL) has extended the tenure of Mr. P W D N R Rodrigo, the Administrator appointed to Nation Lanka Finance PLC (NLFP), under the Banking (Special Provisions) Act, No. 17 of 2023 (BSPA).

Nation Lanka Finance PLC - Cancellation of Licence under the Banking (Special Provisions) Act, No.17 of 2023

The Central Bank of Sri Lanka (CBSL) initiated resolution actions on Nation Lanka Finance PLC (NLFP) effective from 04.07.2025 under the provisions of the Banking (Special Provisions) Act, No. 17 of 2023 (BSPA). This action was taken following NLFP’s continuous violations of the provisions of the Finance Business Act, No. 42 of 2011, despite the implementation of numerous regulatory measures by CBSL. Accordingly, Mr. P W D N R Rodrigo was appointed on the same day as the Administrator to assume full control over all assets, operations and affairs of NLFP, and to carry on the business and affairs of the company in the name and on behalf of the company.

Notice to General Public on Prohibited Pyramid Schemes

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 “Infinity Rover (Pvt) Ltd” has engaged, conducted and promoted a prohibited scheme.

Further, the following Companies/Apps have also been ascertained and determined as prohibited schemes under Section 83 (C) of the Banking Act, No. 30 of 1988, as amended.

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