Prasanna Money Exchange permit cancelled

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Sri Lanka Central Bank
Sri Lanka Central Bank

The money changing permit issued to Prasanna Money Exchange (Pvt) Ltd. has been permanently revoked. As such, Prasanna Money Exchange (Pvt) Ltd. is no longer permitted to engage in money changing activities as an Authorised Money Changer says Central Bank of Sri Lanka.

After conducting an inquiry into the non-compliances committed by Prasanna Money Exchange (Pvt) Ltd upon the temporary suspension of the permit issued to the company to engage in the money changing business at its head office and branch located at No. 42A, Mudalige Mawatha, Colombo 01 and No. 57, Galle Road, Colombo 06, respectively, the Monetary Board of the Central Bank of Sri Lanka decided to permanently revoke the permit No. DFE/RD/0058 issued to Prasanna Money Exchange (Pvt) Ltd, in terms of section 11 (3) of the Foreign Exchange Act No. 12 of 2017 (the Act).

The public is hereby informed that Prasanna Money Exchange (Pvt) Ltd is no longer permitted to engage in money changing activities as an Authorized Money Changer and buying, selling and exchanging foreign currency with Prasanna Money Exchange (Pvt) Ltd is considered as a contravention of the provisions of the Act. (LankaXpress.com )

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