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Real Estate Financing: Raising Awareness And Promoting Foreign Investment

24 February 2020
12597
2020-02-24 09:53

Myanmar Real Property Development Association (MRPDA) offered the Legal Training on Real Estate Financing in Yangon (3/2020) on 23rd February. 

The training aims to raise awareness on Anti-Money Laundering Law, Anti-Corruption Law and Real Estate Services among the real estate brokers and to promote foreign investments through the talented brokers.

Chairman, Myanmar Real Property Development Association, Tin Maung said “This is the place where the attendances can learn the knowledge of existing laws regarding the real estate financing in Myanmar and apply in their workplace. The Anti-money laundering Law is really beneficial to get more foreign investments in Myanmar. We are trying to implement the laws in cooperation with the government to promote the development of real estate in Myanmar.” 

The Anti-Money Laundering Law was enacted in 2014 - the law aims to enable to take effective action against money laundering and financing of terrorism and to prevent subsequent offences, and to prevent interference in the executive, economic and social sectors of the country through money laundering or financing of terrorism.

Police Major, Financial Investigation Police Force, Aung Kyaw Soe said “Today, I mainly discussed the Anti-Money Laundering law to raise awareness about AML/CFT among the public. In Myanmar, there are many money laundering cases in every sector and can affect foreign investments and development of the country. So, the public including private sector should cooperate to implement the money laundering eradication process.”

The officials from Myanmar Police Force and Anti-Corruption Commission shared the knowledge of Anti-Money Laundering Law and Anti-Corruption Law at the training which attracted about 800 real estate brokers.

 

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