Myanmar central bank issues anti-money laundering guidelines


The Central Bank of Myanmar (CBM) has published guidelines for financial institutions on managing the risks of money laundering and terrorist financing.

Guidance on customer due diligence for banks, finance companies and money changers will also be announced soon, said May Toe Win, director at the bank’s financial institutions regulation and anti-money laundering department.

“Our initial guidelines have been recognised by inter-governmental organisations, and we will announce details of customer due-diligence guidelines for combating money laundering very soon,” the Myanmar Times on Friday quoted her as saying.