The Central Bank of Sri Lanka (CBSL) has issued a notice on the risks of using personal bank accounts for business operations.
The CBSL warned of the misuse of personal accounts for illegal activities.
The bank advised the public involved in businesses to use separate bank accounts for their business transactions.
“Commingling funds can lead to legal and tax complications, making it difficult to track and manage business finances effectively,” the CBSL added. (NewsWire)
