News
Two financial institutions fined Rs. 3 mn
Penalties have been imposed on the Indian Bank and Amana Takaful Life PLC for non-compliance with the provisions of the FTRA (Financial Transactions Reporting Act, No. 6 of 2006).
The Central Bank of Sri Lanka (CBSL) announced the action taken in respect of the two institutions on the basis of investigations conducted by the Financial Intelligence Unit (FIU) during November to December 2024 period. . The penalty may be prescribed by taking into consideration the nature and gravity of relevant non-compliance of the Institutions, the CBSL declared, adding that regulator for Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT), the FIU collected penalties amounting to Rs. 3 million in total from November to December 2024. The money collected as penalties has been credited to the Consolidated Fund.
Indian Bank has been fined Rs 2 mn for the failure of the Bank to adhere to the FTRA, and rules, regulations and directives issued thereunder as follows;
i. The Bank had failed to report several Electronic Fund Transfer (EFT) transactions as of the examination date, where the amount of such transfers exceeded Rupees One Million (Rs. 1,000,000) or its equivalent in any foreign currency to the FIU, as required by the Financial Transactions Reporting Regulations, No. 1 of 2008 issued in terms of Section 6(b) of the FTRA.
ii. The Bank had failed to maintain updated lists of designated persons, groups and entities issued under United Nations Regulations, No. 1 of 2012 (United Nations Security Council Resolution (UNSCR) 1373), United Nations Regulations, No. 2 of Financial Intelligence Unit 27 March 2025 2 2012 (UNSCR 1267), and United Nations (Sanctions in relation to Democratic People’s Republic of Korea) Regulations of 2017 (UNSCR 1718) and incorporate the same into the Bank’s Anti-Money Laundering (AML) system.
iii. Although the above lapses in systems and procedures were observed, instances of business relationships with designated individuals or entities maintained by the Bank were not revealed during the on-site examination.
Amana Takaful Life PLC has been fined Rs one mn for the failure of the company to adhere to the FTRA, and rules, regulations and directives issued thereunder as follows;
i. The Company had failed to maintain an updated complete list of designated persons, groups and entities issued under United Nations Regulations, No. 1 of 2012 (UNSCR 1373) by the Gazette Extraordinary, No. 2387/02 dated, June 03, 2024.
ii. The Company had failed to comply with the Rule 58 of the Insurers (Customer Due Diligence) Rules, No. 1 of 2019 (CDD Rules) to verify whether any customers, prospective customers or beneficiaries appear on any list of designated persons or entities issued under any regulation made in terms of the United Nations Act, No. 45 of 1968 with respect to any designated list on TFS, due to the below non-compliances. – The Company had failed to maintain designated lists of persons, groups and entities issued under the United Nations Regulations, No. 2 of 2012 (UNSCR 1267) and United Nations (Sanctions in Relation to Democratic People’s Republic of Korea) regulations of 2017 (UNSCR 1718). – The Company had failed to provide and maintain any reasonable record or evidence to show that the Company had conducted verification for its existing customer database against the updated designated list issued under UNSCR 1373 3 by the Gazette Extraordinary, No. 2387/02 dated June 03, 2024.
iii. Although the above lapses in systems and procedures were observed, instances of business relationships with designated individuals or entities maintained by the Company were not revealed during the on-site examination.
News
Russian circumnavigation team arrive in Sri Lanka
The Russian circumnavigation team, the 5 Oceans Club, made a brief stop in Sri Lanka as part of their second global sailing expedition.
The six-member crew, visited the Russian House in Colombo, on Friday, (24th April) where they shared insights from their journey.
What makes this expedition particularly inspiring is the club’s commitment to inclusivity. They actively encourage children with limb disabilities to experience the ocean and participate in sailing as equals, fostering confidence and a deep connection with nature.
The team also spoke about a specialized sailing school based in Siberia—one of Russia’s most picturesque regions—where children with such challenges are trained and introduced to maritime life. During the session, they offered a glimpse into their daily life aboard the yacht and highlighted how they integrate elements of science into their explorations, making their journey both adventurous and educational.
The crew consists of, Dmitry Kuznetsov – (captain of the boat of the 5 Oceans Club), Vladimir Dudkin – (crew member), Dmitry Dudkin –(cabin boy), Ksenia Kuznetsova – (cabin boy), Natalia Shahinyan – (founder of the charity foundation “Life on the Move”), Sofia Sheremet -(ward of the foundation)
Latest News
Heat Index at Caution Level in the Northern, North-central, North-western, Western, Sabaragamuwa, Southern, and Eastern provinces and in Monaragala district during the day time
Warm Weather Advisory
Issued by the Natural Hazards Early Warning Centre
Issued at 3.30 p.m. on 25 April 2026, valid for 26 April 2026.
The Heat index, the temperature felt on the human body is likely to increase up to ‘Caution level’ at some places in the Northern, North-central, North-western, Western, Sabaragamuwa, Southern, and Eastern provinces and in Monaragala district during the day time.
The Heat Index Forecast is calculated by using relative humidity and maximum temperature and this is the condition that is felt on your body. This is not the forecast of maximum temperature. It is generated by the Department of Meteorology for the next day period and prepared by using global numerical weather prediction model data.

Effect of the heat index on human body is mentioned in the above table and it is prepared on the advice of the Ministry of Health and Indigenous Medical Services.
ACTION REQUIRED
Job sites: Stay hydrated and takes breaks in the shade as often as possible.
Indoors: Check up on the elderly and the sick.
Vehicles: Never leave children unattended.
Outdoors: Limit strenuous outdoor activities, find shade and stay hydrated.
Dress: Wear lightweight and white or light-colored clothing.
Note:
In addition, please refer to advisories issued by the Disaster Preparedness & Response Division, Ministry of Health in this regard as well. For further clarifications please contact 011-744649
News
Sagarika derailment disrupts coastal rail line; services to resume in two days
Railway General Manager Ravindra Pathmapriya said on Friday that re-railing operations of the derailed ‘Sagarika’ train have already commenced and that services on the Coastal Line are expected to be restored within two days.
Addressing the media, he said the Minister had instructed officials to take all necessary measures to minimise inconvenience to passengers.
Commenting on the incident, he said: “The damaged train is a significant loss for us, especially as our fleet is already limited. We have incurred this loss and hope to rectify the situation promptly. However, we will need to deploy an alternative train in its place, and discussions are currently underway.”
The ‘Sagarika’ train, operating from Beliatta to Maradana, derailed near the Wadduwa Railway Station on Friday morning (24), causing severe damage to one track of the dual-line section.
The Railway Department has since restricted services on the affected Coastal Line up to Panadura Railway Station.
Arrangements have been made to transport passengers from Panadura to South Kalutara by Sri Lanka Transport Board (SLTB) buses, from where train services will resume towards Matara and Beliatta.
Meanwhile, the Department said efforts are underway to clear the obstruction and restore at least one track by the end of the day.
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