Anti-Money Laundering Issues: Central Body On Anti-Money Laundering Holds Meeting

The Central Body on Anti-Money Laundering held the meeting 1/2022 on Friday afternoon in Nay Pyi Taw.

In this meeting, member of the State Administration Council and Chairman of the Central Body Union Minister for Home Affairs Lieutenant General Soe Htut stressed implementation of the National Strategy on Anti-money Laundering and Countering the Financing of Terrorism (2019-2023), report to the Asia-Pacific Group on Money Laundering (APG) on the 1st of February every year about implementation of the recommendations made by the Financial Action Task Force (FATF) and progress report on the Action Plan to the Asia-Pacific Joint Group (APJG) every 4 months.

He added that it’s important for Myanmar to be removed from the “Jurisdictions under increased monitoring” list by FATF. The Union Minister also highlighted money laundering typologies in Myanmar and legal actions against money-laundering cases.

He called for cooperation on successful implementation of the National Strategy on Anti-money Laundering and Countering the Financing of Terrorism (2019-2023). The meeting continued with reports and discussions by members of the Central Body about their ongoing respective tasks and plans, and Chairman of the Central Body coordinated the reports and discussions.