The Central Bank of Sri Lanka (CBSL) has announced that the “TM App” has been investigated, assessed, and determined to have engaged in, conducted, and promoted a prohibited scheme under Section 83(C) of the Banking Act, No. 30 of 1988.
Following this determination, the CBSL has amended its official list of companies, applications, and entities identified as prohibited schemes. The updated list now includes TM App along with several other entities previously identified by the Central Bank.
The amended list of prohibited schemes includes:
Tiens Lanka Health Care (Pvt) Ltd
Best Life International (Pvt) Ltd
Mark – Wo International (Pvt) Ltd
V M L International (Pvt) Ltd
Global Lifestyle Lanka (Pvt) Ltd
Fast3Cycle International (Pvt) Ltd
Sport Chain app and Sport Chain ZS Society Sri Lanka
OnmaxDT
MTFE App, MTFE SL Group, MTFE Success Lanka, MTFE DSCC Group
Fastwin (Pvt) Ltd
Fruugo Online App / Fruugo Online (Pvt) Ltd
Ride to Three Freedom (Pvt) Ltd
Qnet / Questnet
Era Miracle (Pvt) Ltd and Genesis Business School
Ledger Block
Isimaga International (Pvt) Ltd
Beecoin App and Sunbird Foundation
Windex Trading
The Enrich Life (Pvt) Ltd
Smart Win Entrepreneur (Pvt) Ltd
Net Fore International (Pvt) Ltd / Netrrix
Pro Care (Pvt) Ltd and Shade of Procare (Pvt) Ltd
SGO / sgomine.com
I.C.A.N. Advertising (Pvt) Ltd and its affiliates
Infinity Rover (Pvt) Ltd
TM App
The Central Bank has advised the public to exercise caution when engaging with investment-related applications, online platforms, or business opportunities that promise high returns or operate through questionable schemes. Members of the public are encouraged to verify the legitimacy of such activities before investing funds.
