MT News
It is necessary to systematically scrutinize the activities and acceptance of international money transfers of NGOs and INGOs in Myanmar in accordance with the law, Daw Than Than Swe, Governor of the Central Bank of Myanmar, said at the meeting of the Working Group on Anti-Money Laundering and Counter-Financing of Terrorism.
The meeting of the Working Group on Anti-Money Laundering and Counter-Financing of Terrorism was held at the CBM in Nay Pyi Taw in the morning of 6 July.
At the meeting, highlighted the statement of FATE not to affect the activities of NPO that conform with the law and the transfer of funds in support of humanitarian work in conducting special anti-money laundering tasks at the banks.
She continued that Myanmar works together with relevant departments for Action Plan mentioned in the progress report submitted to the Joint Asia-Pacific group. Moreover, the country will participate in APG Annual Meeting to be held from 9 to 14 July to discuss the cooperation of Myanmar-ICRG and other APG issues.
Then, Vice-Chairman of Working Group and Anti-Corruption Commission Member U Kyaw Win Thein discussed the need to follow FATF’s recommendation 8 and draft the SOP, guidelines and timeline by the ministries to facilitate the processes of registration, MoU and money transfers as per the stipulations of the law.
Officials of relevant ministries, NGOs and INGOs coordinated the discussion and the meeting concluded.
