Central Body on Anti-Money Laundering holds 1/2024 meeting

The Central Body on Anti-Money Laundering held its first meeting yesterday.
Speaking at the event, State Administration Council Member Union Minister for Home Affairs Lt-Gen Yar Pyae, who is also chairman of the central body, said the central body completed implementing Anti-Money Laundering and Countering the Financing of Terrorism (AML CFT) national-level strategy (2019-2023) in December 2023 and the deputy minister-led national strategic review committee was organized to review the plan and draft national-level strategy (2024-2028). The drafted strategy will be approved during the meeting, and the relevant ministries and organizations should work together to achieve the missions mentioned in the strategy.
He then highlighted the efforts to amend the counterterrorism law mentioned in the action plan of the FATF to report the progress to the FATF, as well as the need to amend the anti-money laundering law and enact the custody and disposal of exhibits law.
He also urged the departments to implement the recommendations stated in the Action Plan to be able to show off the signs of progress before October 2024.
Afterwards, central body members and relevant officials discussed their duties and ongoing work plans and approved the national strategy (2024-2028) (draft). — MNA/KTZH