SL to freeze bank accounts transferring money using unlawful methods

Bank accounts of those who distribute and receive money through unlawful money transfer methods will be frozen with immediate effect, Governor of the Central Bank of Sri Lanka (CBSL) Ajith Nivard Cabraal said in a tweet today.

Accordingly, the Central Bank has urged all migrant Sri Lankans to use only legal channels to repatriate their earnings.

Earlier today, it was announced that Sri Lankan migrant workers would receive an additional Rs. 10 for each US Dollar they convert into Rupees in December this year, through the Sri Lankan Banking System and other formal channels.

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