Regulation Roulette: Nobody to take the fall for scams By Duruthu Edirimuni Chandrasekera View(s): View(s):The Securities and Exchange Commission of Sri Lanka (SEC) has had several meetings with the Central Bank (CB) and its agency fighting money laundering and terrorist financing, Financial Intelligence Unit (FIU), concerning two major scams: ‘Blue Ocean Securities Limited’ and ‘Gladius South Asia’. “We have had meetings and given all the relevant details on these scams,” SEC Chairman Prof. Hareendra Dissabandara told the Sunday Times Business on Wednesday. He said this on the sidelines of a media conference by the SEC, to disseminate several key initiatives launched by them and also inform the public about these scams. “Several months ago we informed the Central Bank about the bank that Gladius has accounts in,” he said. “A bank in Sri Lanka will never transfer money as per the instructions by the Central Bank.

Source: Sunday Times December 20, 2025 20:22 UTC