CBSL eliminates 15 Money Changers for non-compliance
Tuesday, 11 July 2023 01:22 – – 37
The Monetary Board of the Central Bank of Sri Lanka has decided not to renew the money changing permits of the 15 Money Changers (MCs) for the year 2023, due to the non-compliance with a condition of the permits issued for the year 2022, which was communicated to the respective MCs on 22.02.2023.
The public has been informed that the companies listed above are no longer permitted to engage in money changing activities, and buying, selling and exchanging foreign currency with such companies are considered as a contravention of the provisions of the Foreign Exchange Act, No. 12 of 2017.