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CB warns public to beware of proliferation of financial scams
The Central Bank of Sri Lanka (CBSL) says it has received information of several financial frauds perpetrated through social media, Internet-based applications and mobile payment applications.
Most of these scams are conducted through web or mobile app-based easy loan schemes that attract the public, the CBSL has said in a media statement.
“During such a loan application evaluation process, the fraudsters entice the public to share confidential personal customer information/data such as; 1. Debit/Credit Cards – card number, personal identification numbers (PINs), card verification digits commonly found at the back of the card and referred to as CVV, CVC or CVS numbers, card expiry date, transaction verification information such as One-Time-Passwords (OTPs), 2. Internet Banking – user ID/ username, password, OTP 3. Mobile Banking (Payment Apps) – user ID/username, password, OTP.”
The Central Bank has advised the public to be watchful about these frauds and scams and not to share any confidential information, especially account usernames, passwords, PINs, OTPs or other information required for account verification, with anyone and not to give consent to money lenders to access information stored in the phone. Further, the Central Bank wishes to request the public to obtain real-time notification services, such as SMS alerts, from their banks or non-bank financial institutions, so that they would become aware of any fraudulent activity that takes place using their accounts, instantly.
The CBSL advised the public to ‘exercise due diligence and care to avoid becoming victims of the scams operating in the guise of money lending businesses, obtain full information of the financial transaction and the lending party before entering into an agreement, conduct financial transactions with regulated/authorised entities, be extremely vigilant when dealing with easy/instant loan schemes, avoid entering into agreements that it is difficult to fully understand the implications of the contents of the terms and conditions, be cautious when applying to easy/instant loan schemes with characteristics such as the following; Attractive slogans which lure customers in such as zero interest for the first loan, extremely high interest rates even though the initial interest rates may be low, advertised as requiring no/less documentation, adequate information of the money lenders cannot be found, loan extensions can be requested and are granted at any time despite the circumstances, advertised as quick approval and asking the consent to access the contact list, photographs, files and documents in the phone’.
News
Three arrested with narcotics valued at Rs123 million at BIA
Three Sri Lankan male passengers who arrived from Muscat by flight no. OV 437 on Saturday (24) have been arrested by officers attached to the NCU at BIA as they were found to be carrying 12,306 grams of Cannabis class narcotics (suspected as Hashish & Kush) valued at 123 million rupees.
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Navy intercepts 02 narcotics-laden trawlers with 11 suspects in southern seas
Building on its success in seizing major narcotic stocks in 2025, the Navy continued to support the “A Nation United” National Mission in 2026. In continuation of these efforts, during an
operation conducted on the high seas south of Sri Lanka, the Navy apprehended eleven (11) suspects aboard two local multi-day fishing trawlers suspected of drug smuggling.
Based on shared information, by the Sri Lanka Navy and Police, this special operation was conducted off the southern coast, deploying the Navy‟s Offshore Patrol Vessels. The operation
resulted in the interception of a multi-day fishing trawler suspected of smuggling narcotics, and the apprehension of five (05) suspects on board.
During further operations in the same area, naval units seized another multi-day fishing trawler (01), along with communication equipment and six (06) additional suspects, also believed to be involved in drug smuggling.
This morning (25 Jan 26), the two intercepted fishing trawlers, along with fourteen (14) sacks laden with suspected narcotics and the suspects, were brought to the Dikovita Fisheries Harbour.
An expert examination by the Police Narcotic Bureau confirmed that the fourteen (14) sacks contained more than 184 kilograms of heroin and over 112 kilograms of ‘Ice’ (crystal methamphetamine).
The Deputy Minister of Defence, Major General (Retd) Aruna Jayasekara, the Commander of the Navy, Vice Admiral Kanchana Banagoda, and the Inspector General of Police, Priyantha Weerasuriya, inspected the narcotics at the Dikovita harbour.
The Deputy Minister of Defence said that the current administration has initiated several projects for national development. As a flagship initiative, under the directives and guidance of the President, and under the supervision of the
Ministry of Defence, well-coordinated anti-narcotic raids have been launched.
This effort, part of “A Nation United” National Mission, involves the tri-forces, police, and all intelligence agencies working together under a coordinated plan to ensure that drug smugglers have no opportunity to bring narcotics into the country, he opined. He further stated that despite the national disaster situation, the state machinery, including the tri-forces, the police, and the public at large, remains united in rebuilding the nation, no room will be left for drug trafficking, which poses a severe threat to national security and public safety. Those
who engage in or support drug trafficking, under the cover of fishing activities, will find no escape, he added.
The Deputy Minister also reaffirmed that the tri-forces, police, and all law enforcement agencies are fully committed to their duty of suppressing this menace.
The Deputy Minister of Defence reported that, throughout 2025, a series of highly successful operations were conducted leading to numerous arrests. This was achieved through close coordination and mutual cooperation among the tri-services, the police, the Special Task Force, Police Narcotics Bureau, local law enforcement and international agencies. He noted that this
same spirit of cooperation and commitment has continued into 2026, resulting in the seizure of a large stockpile of drugs.
On behalf of the Honourable President, he extended gratitude to all who contributed to these efforts, specifically acknowledging the Commander of the Navy, the Inspector General of Police, the Police Narcotic Bureau, and the crews of the Navy’s Offshore
Patrol Vessels.
Moreover, the Deputy Minister declared that drug smuggling has become a national crisis, fueled by youth involvement and social crime. With borders secured under the “Nation United” National Mission, he warned traffickers to cease operations and urged users to abandon the destructive habit.
The Deputy Minister urged the public to report suspected drug smugglers to law enforcement via the hotlines 1818 or 1997 and also commended the role of media institutions and journalists in raising public awareness about the dangers of narcotics through responsible reporting.
Meanwhile, the two (02) multi-day fishing trawlers, along with a haul of narcotics, eleven (11) suspects, and communication equipment, were handed over to the Police Narcotic Bureau for
further investigation and legal proceedings.
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Indonesian Naval Ship ‘KRI SULTAN ISKANDAR MUDA – 367’ departs island
The Indonesian Naval Ship ‘KRI SULTAN ISKANDAR MUDA – 367’, which arrived in Sri Lanka for logistics replenishment and a goodwill mission, departed the island on 23 Jan 26.
The Sri Lanka Navy bade a customary farewell to the departing ship at the Port of Colombo, following naval traditions.
During the stay in Sri Lanka, crew members of the ship visited some popular tourist destinations within the city of Colomb
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