MYANMAR MOVES FORWARD ON AML REGIME, BUT INFORMAL PAYMENTS A REAL CHALLENGE
October 1st, 2017
MYANMAR has made impressive progress towards building a system meeting international standards to fight money laundering and terrorist financing. But huge swathes of the economy still lie outside regulatory control, and rapid modernisation presents the authorities with fresh challenges.
The country’s ethnic and political fragmentation, with 14 states and regions with extensive powers, and its location in the opium-producing ‘Golden Triangle’ region, including Thailand and Laos, make it particularly vulnerable to the illicit drug trade and its associated ...
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