Sri Lanka, Nov. 30 -- Will be subjected to the full face of the law
A marked decline since raising public awareness
Depositor/investor has to own responsibility for funds
Pyramid schemes and prohibited deposit-taking operations in the country have reduced significantly after intense public awareness campaigns launched throughout the country, said the Central Bank last week.
"We have seen a marked drop in the operation of prohibited financial schemes including pyramids due to increased public awareness of the dangers and illegality of those schemes," Central Bank Governor Dr. Nandalal Weerasinghe told the media when queries were raised on the penalties imposed on those operating prohibited schemes at the policy briefing at the Central Bank ...