Central Committee meeting: CCAML held its Meeting No. (1/2025)

The Central Committee for Anti-Money Laundering held its Meeting No. (1/2025) at the Ariendama Hall of the Myanmar Police Force Headquarters in Nay Pyi Taw on June 3rd.

The meeting was attended by the Chair of the Central Committee, Union Minister for Home Affairs, Lt-Gen. Tun Tun Naung, Vice-Chairs Governor of the Central Bank of Myanmar Daw Than Than Swe and Chair of the Anti-Corruption Commission U Sit Aye who are the Central Committee Vice Chairs, members of Central Committee and Working Committee for Countering Money Laundering and Terrorism Financing.

During the meeting, Centra Committee Chairman stated that Myanmar has been on the Financial Action Task Force (FATF) “Gray List” which is a list of jurisdictions under increased monitoring since February 2020. He emphasized that Myanmar has been implementing the required Action Plan points and continues to submit progress reports and participate in face-to-face meetings every four months as part of the process.

He also noted that Myanmar is scheduled for its third round of Mutual Evaluation (ME) in 2029 for assessing efforts in combating money laundering and terrorism financing. Committees must begin preparations in advance for this process. He highlighted that money laundering, terrorism financing, and the financing of the proliferation of weapons of mass destruction are not just national issues but global concerns.

Therefore, effective implementation requires not only government action but also active engagement from the private sector. Following this, members of the Central Committee and the Working Committee for Countering Money Laundering and Terrorism Financing presented and discussed their respective responsibilities, current activities, and future plans.