The Central Bank of Sri Lanka has issued a statement cautioning the public about illegal financial schemes, affirming that legal action has already been initiated against some institutions involved.

Investigations are ongoing to bring others to justice, according to the statement.

The Central Bank emphasized its commitment to keeping the public informed about prohibited financial schemes through its official website and online publications.

The following institutions have been identified as operating prohibited financial schemes:

1. Tiens Lanka Health Care (Pvt) Ltd
2. Best Life Inte ational (Pvt) Ltd
3. Mark-Wo Inte ational (Pvt) Ltd
4. V M L Inte ational (Pvt) Ltd
5. Fast3Cycle Inte ational (Pvt) Ltd
6. Sport chain app, Sport chain zs society Sri Lanka
7. Onmax DT
8. MTFE App, MTFE SL Group, MTFE Success Lanka, MTFE DSCC Group
9. Fastwin (Pvt) Ltd
10. Fruugo Online App/Fruugo Online (Pvt) Ltd
11. Ride to Three Freedom (Pvt) Ltd
12. Qnet
13. Era Miracle (Pvt) Ltd and Genesis Business School
14. Ledger Block
15. Isimaga Inte ational (Pvt) Ltd
16. Beecoin App and Sunbird Foundation
17. Windex Trading
18. The Enrich Life (Pvt) Ltd
19. Smart Win Entrepreneur (Pvt) Ltd
20. Net Fore Inte ational (Pvt) Ltd / Netrrix

The Central Bank urged the public to remain vigilant and avoid investing in unregulated or suspicious financial schemes.