Sri Lanka, May 13 -- The Central Bank of Sri Lanka (CBSL) and the Ministry of Finance are working closely to strengthen systems and prevent a recurrence of the incident involving the alleged fraudulent transfer of USD 2.5 million belonging to the Finance Ministry, CBSL Governor Dr. Nandalal Weerasinghe stated.

Speaking at a media briefing held at the Central Bank today (13), Dr. Weerasinghe said both institutions are reviewing existing procedures and utilising their expertise to introduce safeguards against similar incidents in the future.

Responding to questions from journalists, the Governor stated that the Central Bank does not bear direct responsibility for altering or verifying payment instructions issued by account holders.

He ex...