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Message: <blockquote data-quote="sri_lion" data-source="post: 2234926" data-attributes="member: 4103">June 15, Colombo: Central Bank of Sri Lanka today warned the Sri Lankan public to keep away from 'pyramid schemes' which are identified as fraudulent and deceptive business models.According to the new banking act such schemes are pronounced illegal under section 83c of the Banking Act. Furthermore, certain payments and transactions are supposed to constitute offences punishable under the Exchange Control Act and Prevention of Money Laundering Act as well.It is reported that during last week Police has managed to catch several persons suspected to be involved in such schemes in Kurunegala district.<a href="http://www.colombopage.com/archive_08/June15145144SL.html" target="_blank">Source >></a></blockquote>

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