Anti-Money Laundering body meets

29 July 2020
Anti-Money Laundering body meets
The Central Body on Anti-Money Laundering holds its meeting 1/2020 at the Ministry of Home Affairs in Nay Pyi Taw on 28 July 2020. Photo: MNA

The Central Body on Anti-Money Laundering held a meeting at the Ministry of Home Affairs in Nay Pyi Taw yesterday, state media reported.

At the meeting, the Union Minister for Home Affairs Lieutenant General Soe Htut, in his capacity as Chairman of the Central Body on Anti-Money Laundering, said that they are implementing the National Strategy on Anti-money Laundering and Countering the Financing of Terrorism (2019-2023).

Myanmar is among nations which were placed on the list “Jurisdictions under increased monitoring” by the Financial Action Task Force (FATF), an intergovernmental organisation founded in 1989 on the initiative of the G7 to develop policies to combat money laundering, on February 2020. To implement the recommendations made by the FATF, an “action plan” was drawn up and implemented, said the Union Minister.