MYANMAR MILITARY GOVERNMENT TOO BUSY SURVIVING CIVIL WAR TO REFORM AML/CFT
October 3rd, 2024
Myanmar, ruled by a military government since a February 2021 coup, remains one of the three countries that FATF has blacklisted as “high-risk jurisdictions [with] significant strategic deficiencies” in their AML. CFT and CFP regimes (1). The other two are Iran and North Korea – all three’s associated transactions and business dealings are subject to enhanced due diligence and potential countermeasures to protect the international financial system from their ML/TF/PF risks.
Despite this, and the ongoing civil war, which the military government appears to ...
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