THE Working Group on An­ti-Money Laundering and Counter Financing of Terrorism holds its first meeting in Nay Pyi Taw yesterday.

During the meeting, Work­ing Group Chairperson Central Bank of Myanmar Governor Daw Than Than Swe discussed the measure, ongoing work plans and cooperation of de­partments concerned regarding the 11 Action Plans to be imple­mented by the country.

Then, the working group vice-chair, members and offi­cials reported on the implemen­tation of four facts out of 11 to be completed in November – to report on the improvements in understanding of money laun­dering risk in major sectors, prioritize onsite and offsite in­spections to gem, gold dealers and real estate sectors on a risk basis, demonstrate the imple­mentation of the regulations re­lated to hundi providers includ­ing registration and supervision and conduct awareness-raising campaigns to inform reporting entities of their obligations re­lated to PF TFS and supervise them for compliance with their obligations.

The meeting was attended by Deputy Governors of CBM, members of the Anti-Corruption Commission and officials of the departments concerned.

MNA

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