A meeting of the task force on combatting money laundering and terrorism financing was held yesterday at the Central Bank of Myanmar in Nay Pyi Taw.

During the meeting, the Chair of the Working Committee and Governor of the Central Bank of Myanmar Daw Than Than Swe discussed Myanmar’s progress in implementing measures against money laundering and terrorist financing. She addressed the 13th Progress Report related to the Asia Pacific Joint Group (APJG) face-to-face meeting and noted Myanmar’s improvement in certain action plan items. She also highlighted the remaining points that need to be addressed and the key topics to be discussed at the upcoming Financial Action Task Force (FATF) plenary meeting.

The committee members also deliberated on amendments to the Anti-Money Laundering Law in line with FATF recommendations. They also discussed parallel financial investigations conducted by legal enforcement agencies to enhance the identification of proceeds of crime. They then reviewed the technical assistance required by respective departments and coordinated their positions for discussions at this month’s FATF plenary meeting.

MNA/KZL

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