CBSL announces eight new pyramid activities

Based on complaints received, the Central Bank of Sri Lanka (CBSL) has released eight other institutions and inputs identified as engaging in pyramid activities.

The notice was published by the CBSL following investigations conducted in accordance with Section 83C of the Banking Act No. 30 of 1988 to ascertain whether the following entities or applications conduct or have conducted schemes prohibited in terms of Section 83C of the Banking Act. 

The notice is as follows: