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New Directive Issued by the Central Bank of Myanmar on Foreign Employees in Banks

New Directive Issued by the Central Bank of Myanmar on Foreign Employees in Banks

August 9, 2021

The Central Bank of Myanmar (“CBM”) issued Directive No. MaBaBaa/MP/FIR/Bank Si Sit/1(4/2021) with effect from 2 August 2021 titled “Matters regarding foreign workers employment compliance” (“Directive”).

AUTHOR

Saw Yan Naung is an investment adviser and a general securities representative licensed in New York and New Jersey. He holds a bachelor's degree in business administration specializing in finance and marketing from the University at Albany, State University of New York, and graduated with the highest distinction (summa cum laude).

Before joining VDB Loi, he worked as a financial adviser at AXA Advisors in New York, where he provided portfolio management and financial planning services in the wealth-management practice. By leveraging his experience in financial services and knowledge of capital markets, he is positioned to provide well-informed industry insights.


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