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CB warns general public of pyramid-type schemes operating in Sri Lanka - Adaderana Biz English

The Central Bank of Sri Lanka (CBSL) says it has conducted investigations into several institutions to ascertain whether they have conducted schemes prohibited in terms of the Banking Act, based on some complaints received by the CBSL. In relation to the examination conducted under Section 83C of the Banking Act. No 30 of 1988, the.

Breaking the Chains of Bondage Among Foreign Suppliers of Imported Goods

Breaking the Chains of Bondage Among Foreign Suppliers of Imported Goods BY MARLEY S. WEISS Share: Xinjiang China, Malaysia, Turkmenistan, and Zimbabwe share an attribute that is significant for labor and employment lawyers: goods from each country are subject to a Customs and Border Protection (CBP) “withhold release order” (WRO). Such merchandise is detained at the U.S. border, unless the importer can prove that forced labor has not been used in any aspect of making the goods. The goods may become subject to seizure and forfeiture. Major supply chain reconfiguration may become necessary. In the front page case involving the Chinese ethnic minority Uyghurs, cotton and tomatoes from the Xinjiang Uyghur Autonomous Region (XUAR) are covered by a January 13, 2021 WRO. This WRO was preceded by narrower WROs, as well as a July 2, 2020, “business advisory” from the Departments of State, Treasury, Commerce and Homeland Security, warning that “businesses. . .

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