Myanmar keyword: Financial Action Task Force ("FATF")

November 4, 2022

To strengthen the compliance with the report from the Financial Action Task Force (“FATF”), Ministry of Commerce (“MOC”) has issued its bulletin no. 10/2022 on 31st October 2022 required that all border trade transactions must be settled only through a licensed bank (“Bulletin 10”). Bulletin 10 also mentions that the importers are allowed to acquire […]

October 27, 2022

As Financial Action Task Force (“FATF”) reported, one of the outcomes of the FATF 20-21 October 2022 Plenary, was that Myanmar has been added to the list of “jurisdictions subject to a call for action”.   FATF is an ‘inter-governmental body’ that ‘works to generate the necessary political will to bring about national legislative and regulatory […]