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Binance says it functions in conformity with law enforcement here

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Apropos our article titled ‘Crypto loopholes funnel Lankan funds abroad,’ on 14th March, 2026, Binance has stated: “These allegations pertain solely to the actions of specific parties; Binance takes action alongside law enforcement to combat fraudulent or illegal activities and remains deeply committed to ensuring the safety and security of all its users.

Binance has already fully cooperated with Sri Lankan law enforcement authorities, by providing the necessary support and information in response to requests. As an Abu Dhabi Global Markets licensed exchange with a fully KYC-ed user base, globally, Binance will continue to support law enforcement agencies throughout the investigation of the bad actors involved. Binance’s share of users and fully licensed status will continue to be a net positive to law enforcement agencies in these situations.

Binance invests hundreds of millions of US dollars in its compliance programme, and a significant share of these resources is dedicated to maintaining a world-class compliance team. 25% of all Binance staff work in compliance. Binance remains committed to maintaining robust compliance policies, modelled on global standards, including Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures.

Transparency, user safety, and regulatory cooperation remain at the core of Binance’s mission, and we remain committed to working collaboratively with authorities to uphold these principles.”

 



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Landslide early warnings issued to the Districts of Gampaha, Kalutara and Ratnapura

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The National Building Research Organisation (NBRO) has issued landslide early warnings to the districts of Gampaha, Kalutara and Ratnapura valid untill 0300 hrs on 23rd May 2026.

Accordingly,

Level II landslide early warnings have been issued to the Divisional Secretaries Divisions and surrounding areas of Attanagalla in the Gampaha district and Ratnapura and Kuruvita in the Ratnapura district.

Level I landslide early warnings have been issued to the Divisional Secretaries Divisions and surrounding areas of Bulathsinghala in the Kalutara district and Eheliyagoda in the Ratnapura district.

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President’s Fund to consider scholarships for children of low-income lottery sellers

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The President’s Fund has expressed its attention towards providing a monthly scholarship allowance for school-going children of low-income lottery sellers, as a means of supporting their educational needs.

This was revealed during a discussion held om Wednesday  (20) at the Presidential Secretariat between the Secretary to the President’s Fund and Senior Additional Secretary to the President, Roshan Gamage and officials of the National Lotteries Board and the Development Lotteries Board.

The President’s Fund currently provides financial assistance across a wide range of sectors to support low-income groups, while also implementing various scholarship schemes for schoolchildren. As an additional step, approval has reportedly been granted by the governing board of the President’s Fund to extend scholarships to children of low-income lottery sellers.

It was noted that the National Lotteries Board and Development Lotteries Board make a significant contribution to the President’s Fund. However, discussions also highlighted the fact that the living conditions of lottery sellers, who play a key role in generating revenue for these institutions, have remained largely unchanged. Accordingly, attention has been directed towards recognising their contribution and providing relief to ease their financial burden.

The proposal to introduce scholarships for school-going children of low-income lottery sellers through the President’s Fund was discussed in detail. Officials of both the National Lotteries Board and the Development Lotteries Board expressed their willingness to support the initiative. It was also decided that the programme would be implemented expeditiously through Divisional Secretariats.

Among those present were Chairman of the National Lotteries Board M. D. C. Anton Perera, General Manager of the National Lotteries Board A. M. Arif, and General Manager of the Development Lotteries Board W. K. A. A. Jayarathne, along with other officials.

 (PMD)

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Showers above 200 mm are likely at some places in the Western, Sabaragamuwa and North-western provinces and showers above 100 mm are likely at some places in Galle, Matara, Kandy and Nuwara-Eliya districts.

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WEATHER FORECAST FOR 22 MAY 2026
Issued at 05.30 a.m. on 22 May 2026 by the Department of Meteorology

The South-West monsoon is gradually getting established over the island and the current rainy conditions over the south-western parts of the island are expected to continue further for the next few hours.

Showers or thundershowers will occur at times in the Western, Sabaragamuwa and North-western provinces and in Galle, Matara, Kandy and Nuwara-Eliya districts. Very heavy showers above 200 mm are likely at some places in the Western, Sabaragamuwa and North-western provinces. Heavy showers  above 100 mm are likely at some places in Galle, Matara, Kandy and Nuwara-Eliya districts. Several spells of showers will occur in the Northern province and in Anuradhapura district while showers or thundershowers may occur at a few places in the Uva province and in Ampara and Batticaloa districts after 2.00 pm.

Fairly strong winds about (35-45) kmph can be expected at times over the Western slopes of the central hills, the Northern, North-central, North-western and Southern provinces and in Trincomalee district.

The general public is kindly requested to take adequate precautions to minimize damage caused by temporary localized strong winds and lightning during thundershowers

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