Myanmar highlights strategy of combating money laundering

NAY PYI TAW, June 28 (Xinhua) — A senior Myanmar Home Ministry official on Friday stressed the need to strictly supervise the implementation of the national strategy of combating money laundering and terrorism financing. Economic undertakings can be carried out safely under the strategy if collaborating with relevant sectors to bring about the promotion of […]

Can mobile technology bring Myanmar in line with other Asean nations

Myanmar’s central bank has released additional rules on mobile financial services that lay the foundation for efficient and secure mobile financial services in Myanmar. While most of the Association of Southeastern Asian Nation (Asean) region adopts online and mobile banking, Myanmar remains almost completely cash dependent, with most salaries still paid in cash. According to […]

Standard Chartered Bank holds first anti-money laundering workshop in Myanmar

YANGON—The UK’s Standard Chartered Bank confirmed today that it recently held the first in a series of joint workshops aimed at helping Myanmar tackle the global issue of money laundering and enhance the country’s efforts to re-integrate with the global financial system. Prudential, a UK-based financial services company, co-organised the workshop in partnership with the […]