The Myanmar delegation led by Governor Daw Than Than Swe of the Central Bank of Myanmar attended the plenary meeting of the Asia Pacific Joint Group (APJG) on the progress of Myanmar’s Anti-Money Laundering and Countering the Financing of Terrorism-AML/CFT held in Bali of Indonesia on 15 and 16 May.
During the meeting, Myanmar’s AML/CFT progress, the Governor discussed the implementations of Myanmar as per the recommendations of APJG observers on the remaining works, and the Myanmar delegates explained the questions raised by the APJG observers.
Then, they presented the measures to uncover the high-risk crime-related money laundering, urged illegal hundi providers to receive official licences and took action against those run without licences by cooperating with the central bank of host countries, cooperation of Financial Intelligence Unit with international countries in receiving money-laundering related information and other cases.
They also discussed matters including registration and supervision and conducting awareness-raising campaigns to inform reporting entities of their obligations related to PF TFS, effective legal actions, law, order and directives. — MNA/KTZH
