Misuse of funds News
Latest conceptually matching events and reports for Misuse of funds.
Transparency Gap: Are Sri Lanka’s Retirement Savings at Risk?.
A new Verité Research brief reveals that Sri Lanka’s Employees' Provident Fund (EPF) significantly underperforms in transparency and disclosure standards compared to other private financial entities, raising concerns about the security of worker savings.
International Investigation Tracks Stolen $2.5 Million Treasury Funds to Delaware.
Sri Lankan authorities, supported by the FBI, have traced a portion of the $2.5 million stolen from the Finance Ministry to a bank account in Delaware, USA, following a sophisticated cyber breach.
Teaching Financial Responsibility: Why These Parents Require Their Children to Fund Their Own Degrees.
A couple shares their journey of teaching their three children financial independence by having them take responsibility for their own college education costs through scholarships and part-time work.
Hopes Fade for Recovery of Rs. 13.2 Billion Lost in Major NDB Bank Fraud.
Financial experts and banking officials suggest that recovering the Rs. 13.2 billion lost in the recent NDB fraud is highly unlikely due to the funds being converted into untraceable cryptocurrency. The situation has raised concerns regarding regulatory oversight and potential repercussions from the Financial Action Task Force (FATF).
