Myanmar steps up anti-money laundering drive: Media

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Yangon, March 22 (IANS) Myanmar is stepping up anti-money laundering and anti-terrorism financing drive as part of the work procedure of Asia-Pacific Group on Money Laundering, a government-owned newspaper reported on Wednesday.

The drive includes mutual evaluation in the member countries, amendment of the anti-money laundering law, formation of a working committee for mutual evaluation in the member countries in 2016, Global New Light of Myanmar quoted Police Colonel Kyaw Win Thein.

Thein told the same in a meeting of the Central Committee for Anti-Money Laundering on Tuesday, chaired by Minister of Home Affairs Kyaw Swe, Xinhua news agency reported.

Myanmar enacted the Anti-Money Laundering Law in March 2014, and formed the anti-money laundering central committee in August 2014.

Tasked to formulate policies on anti-money laundering and combating financial support for terrorism, the central board is also cooperating with international and regional organisations and neighbouring countries.

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It has so far cooperated with Thailand, Indonesia and Australia in combating money laundering and financial terrorism.

–IANS

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