Central Bank Issues Warning Against Pro Care Pyramid Schemes

Central Bank Issues Warning Against Pro Care Pyramid Schemes, Citing Banking Act Violations

The Central Bank of Sri Lanka has determined Pro Care (Pvt) Ltd., Shade of Procare (Pvt) Ltd have engaged in a scheme prohibited under Section 83 (C) of the Banking Act, No. 30 of 1988, as amended. Further, the following Companies/Apps have also been determined as prohibited schemes under Section 83 (C) of the Banking […]