Central Bank Issues Statement on 20 Illegal Financial Scheme

The statement confirms that legal action has already been initiated against some institutions involved in these schemes, with court proceedings currently underway. Additionally, law enforcement agencies are conducting investigations into other such institutions, with the intention of taking further legal steps.

The CBSL has reassured the public that it will continue to provide updates and information related to prohibited financial schemes through its official website and online publications. This is part of the Bank's ongoing efforts to protect the public from falling victim to illegal financial activities.

A list of institutions involved in prohibited schemes has been released, and individuals are advised to exercise caution when dealing with these entities. The following organizations have been identified:

1. Tiens Lanka Health Care (Pvt) Ltd

2. Best Life International (Pvt) Ltd

3. Mark-Wo International (Pvt) Ltd

4. VML International (Pvt) Ltd

5. Fast3Cycle International (Pvt) Ltd

6. Sport Chain App, Sport Chain ZS Society Sri Lanka

7. Onmax DT

8. MTFE App, MTFE SL Group, MTFE Success Lanka, MTFE DSCC Group

9. Fastwin (Pvt) Ltd

10. Fruugo Online (Pvt) Ltd

11. Era Miracle (Pvt) Ltd

12. Ledger Block

13. Isimaga International (Pvt) Ltd

14. Beecoin App and Sunbird Foundation

15. Windex Trading

16. The Enrich Life (Pvt) Ltd

17. Smart Win Entrepreneur (Private) Limited

18. Net Fore International (Private) Limited / Netrrix

The CBSL urges the public to stay informed and avoid engaging with these organizations. For further information, the CBSL encourages individuals to regularly check their official channels for updates and warnings on illegal financial activities.

This proactive stance is part of the CBSL's efforts to curb the growth of such schemes and safeguard the financial well-being of the Sri Lankan public.