Working Group on Anti-Money Laundering and Counter-Financing of Terrorism holds 1/2022 meeting

The Working Group on Anti-Money Laundering and Counter Financing of Terrorism holds its first meeting in Nay Pyi Taw yesterday.
During the meeting, Working Group Chairperson Central Bank of Myanmar Governor Daw Than Than Swe discussed the measure, ongoing work plans and cooperation of departments concerned regarding the 11 Action Plans to be implemented by the country.
Then, the working group vice-chair, members and officials reported on the implementation of four facts out of 11 to be completed in November – to report on the improvements in understanding of money laundering risk in major sectors, prioritize onsite and offsite inspections to gem, gold dealers and real estate sectors on a risk basis, demonstrate the implementation of the regulations related to hundi providers including registration and supervision and conduct awareness-raising campaigns to inform reporting entities of their obligations related to PF TFS and supervise them for compliance with their obligations.
The meeting was attended by Deputy Governors of CBM, members of the Anti-Corruption Commission and officials of the departments concerned. – MNA