Jan 11, 2021

Penalties imposed on Siyapatha, Softlogic Finance & Richard Pieris Finance

Central Bank of Sri Lanka (CBSL) announced today (11) announced that 03 financial institutions were fined under the Anti Money Laundering (AML) and Counter Terrorism Finance laws (CTF), during the last seven months.

According to a CBSL media release, Siyapatha Finance and Softlogic Finance were fined Rs one million each and Richard Pieris Finance Rs 300,000/-

Accordingly, fines amounting to a total of Rs 2.3 million were imposed by the Financial Intelligence Unit of Sri Lanka.

The full media release is as follows :

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