Myanmar Reportedly Set to Be Placed on Global Money-Laundering Watchlist

JAKARTA—Myanmar is set to be placed on a watchlist by a global finance watchdog this week, amid concerns of money laundering by transnational drug traffickers and weak regulation of its financial system, two sources familiar with deliberations said. A decision to put Myanmar on the “gray list” by the Paris-based Financial Action Task Force (FATF) […]

Planned stock exchange still missing a watchdog

Authorities have yet to set up a Securities Exchange Commission, despite suggestions that the watchdog necessary for the stock exchange planned for next year would be established last month, leaving economists disappointed. According to the Securities Exchange Law passed at the end of July last year, the SEC must be created to monitor transactions on […]