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SRI LANKA
#10 Sumsub
FRAUD TYPES
Identity fraud, investment scams, mobile fraud
KEY FACTS
Rising fraud vulnerability. Economic crisis 2022 drove increase in online scam activity.
REPORT FRAUD IN SRI LANKA2▸
2 agencies you can contact. Tap one for how to reach it and what to have ready.
CIDCID Computer Crimes Division▸
NATIONAL · CYBER / CRYPTO
CBSCentral Bank of Sri Lanka▸
NATIONAL · FINANCIAL REGULATION
BORN HERE1▸
1 person in our case files was born in Sri Lanka. Tap to open the report.
OPERATED HERE▸
Nobody in our case files is documented as operating from Sri Lanka yet.
OUR CASES BY CATEGORY▸
Share of the 1 case tied to Sri Lanka (born or operated here)
FRAUD METHODS TIED HERE1▸
From the Global Fraud Encyclopedia and the cases above. Tap a method for its page.
#8 Securities Fraud / Insider Tradingused in our cases ▸KNOWN FOR▸
THE PICTURE▸
Sri Lanka's best-known fraud case is the 2015 Central Bank treasury bond scandal, in which a presidential commission found then-governor Arjuna Mahendran responsible for a loss of LKR11.1bn to public institutions through a bond auction that benefited Perpetual Treasuries, owned by his son-in-law; Mahendran stayed in Singapore and later rulings dismissed charges against him (Presidential Commission, 2017; Wikipedia). Sri Lankan bank accounts were also used as an exit route in the 2016 Bangladesh Bank heist, though the $20M sent to Sri Lanka was recovered. Public data breaking down scam losses by type is limited. The Central Bank bans pyramid schemes under the Banking Act and the CID investigates financial fraud.
TOP FRAUDSTERS FROM HERE▸
No individual case from here is documented well enough to publish yet.
FRAUD BY CATEGORY▸
No official body here publishes a breakdown of fraud by type, so we show none rather than guess.
KEY NUMBERS▸
LKR11.1bn Loss to public institutions attributed to the 2015 bond auction by the Presidential Commission (Presidential Commission of Inquiry, Dec 2017)
$20M Funds from the 2016 Bangladesh Bank heist sent to Sri Lanka, all recovered (Wikipedia summary of court and press records)
WHO FIGHTS IT▸
Criminal Investigation Department (CID) and the Commission to Investigate Allegations of Bribery or Corruption (CIABOC).
Central Bank of Sri Lanka prohibits pyramid schemes under Section 83C of the Banking Act.
Online Safety Act (2024) and Financial Intelligence Unit under the Financial Transactions Reporting Act.
SOURCES▸
Wikipedia, 'Central Bank of Sri Lanka bond scandal' and 'Arjuna Mahendran', accessed Sep 2026
Presidential Commission of Inquiry report, Dec 2017
Wikipedia, 'Bangladesh Bank robbery'
Case lists and figures compiled September 2026 from court records, regulators and major press; statuses change. Series reports above are fact-checked case files.