  
The Central Bank of Sri Lanka (CBSL) has officially declared 27 companies, applications, and organisations to be prohibited schemes following regulatory investigations conducted under Section 83(C) of the Banking Act, No. 30 of 1988, as amended.
Official investigations confirmed that Max App Media Ltd., operating alongside its affiliated firms Max LK (Pvt) Ltd. and Max Media Lanka (Pvt) Ltd., engaged in, conducted, and promoted an unlawful scheme in violation of the statutory provisions governing the country’s banking and financial sectors.
Entities Declared as Prohibited Schemes
- Tiens Lanka Health Care (Pvt) Ltd
- Best Life International (Pvt) Ltd
- Mark-Wo International (Pvt) Ltd
- VML International (Pvt) Ltd
- Global Lifestyle Lanka (Pvt) Ltd
- Fast3Cycle International (Pvt) Ltd
- Sport Chain App and Sport Chain ZS Society Sri Lanka
- OnmaxDT
- MTFE App, MTFE SL Group, MTFE Success Lanka and MTFE DSCC Group
- Fastwin (Pvt) Ltd
- Fruugo Online App / Fruugo Online (Pvt) Ltd
- Ride to Three Freedom (Pvt) Ltd
- QNet / Questnet
- Era Miracle (Pvt) Ltd and Genesis Business School
- Ledger Block
- Isimaga International (Pvt) Ltd
- Beecoin App and Sunbird Foundation
- Windex Trading
- The Enrich Life (Pvt) Ltd
- Smart Win Entrepreneur (Pvt) Ltd
- Net Fore International (Pvt) Ltd / Netrrix
- Pro Care (Pvt) Ltd and Shade of Procare (Pvt) Ltd
- SGO / sgomine.com
- I.C.A.N. Advertising (Pvt) Ltd and its affiliated websites: icanonlineadvertising.com, bannercuts.com, bannercuts.lk, bannercusts.net, and bannercuts.org
- Infinity Rover (Pvt) Ltd
- TM App
- Max App Media Ltd and its affiliated companies, Max LK (Pvt) Ltd and Max Media Lanka (Pvt) Ltd.
The regulatory rulings were issued to safeguard the financial framework, with all listed entities, applications, and their associated websites confirmed to fall under the statutory prohibitions outlined in the Banking Act.