Anti-Money Laundering: Discussion on participation of private sector

The Central Bank of Myanmar organized a meeting to discuss participation of private sector in implementing the tasks related to Anti-Money Laundering and Combating Financing of Terrorism (AML/CFT) on Saturday.

CBM Governor DawThan ThanSwe in her capacity as the Chairperson of the Task Force for AML/CFT explained the recommendations made by Financial Action Task Force(FATF). Out of 40 recommendations, Myanmar has completed 26 facts, along with the yearly progress of implementing the 15 Action Plans.

She also outlined the High Risk Areas and Industries for money laundering and terrist financing, with efforts to eradicate Hundi services and illegal online financial services.