Launching training course: CBM launches regulatory compliance training course

A launching ceremony of the regulatory compliance training course (Third Batch) for Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) was convened at the Central Bank of Myanmar (Yangon Branch) on 21 March 2022 with the attendance of the Governor of Central Bank of Myanmar.

CBM governor delivered that the CBM has been continuously conducting regulatory compliance training courses regarding AML/CFT. This effort is to control the hundi business, an informal money transfer system, promote a formal channel for remittance service and increase the country’s revenue, following the recommendations of the Financial Action Task Force (FATF) and combat an informal money transfer business and develop official channels.

Next, the deputy governor also elaborated matters on completion of the first and second batch the objectives of the course and the course curriculum. He also motivated the trainees to effectively participate in the course as it will bring many benefits to the trainees whether they apply for a remittance licence or not. He encouraged them to accomplish the course and produce fruitful results. That course is opened from 21 March to 1 April 2022 at the CBM’s Yangon Branch and the number of trainees totaled 70 in the third batch.