Private and authorities jointly discuss findings in action plans for AML/CFT, ML risks

A meeting on Anti-Money Laun­dering and Counter-terrorism Financing took place in order to actively participate in the fight against money laundering and the financing of terrorism with the cooperation of the public, including various government departments and businessmen at the Mingala Hall of the UM­FCCI yesterday morning.

Chair of the AML/CFT Work Committee Daw Than Than Swe, Vice Chair U Kyaw Win Thein, Deputy Governor of the Central Bank of Myanmar U Zaw Myint Naing and respective officials from Central Bank of Myanmar, General Administration Depart­ment, Financial Intelligent Unit, Financial Supervising Depart­ment, Union Auditor-General’s Office, Lawyers and Inspection Department, Myanma Gems Enterprise and the president of UMFCCI, officials from banks, other financial institutions, non-financial institutions and vocational business attended the meeting.

In the meeting, they dis­cussed enhancement of coop­eration among businessmen, officials from private sector and the authorities, requirements for timely reporting from rele­vant organizations, findings in offside and onsite measures discussion on possible loss in money laundering through case studies. —MNA