CBM, Bank of China (Hong Kong) (Yangon branch) hold workshop on AML/CFT measures

Governor of Central Bank of Myanmar Daw Than Than Swe, in her capacity as Chair­person of the Working Group on Anti-Money Laundering and Counter-Financing of Terror­ism, presided over a meeting on AML/CFT (Anti-Money Laundering and Counter-Fi­nancing of Terrorism) meas­ures in Nay Pyi Taw yesterday.

The meeting was attend­ed by deputy governors of the Central Bank of Myanmar, the Vice-Chair and members of the Working Group, the CEO and officials of the Bank of China (Hong Kong) (Yangon branch).

During the meeting, the Governor of CBM discussed the formation of a Working Group on Anti-Money Laun­dering and Counter-Financing of Terrorism to carry out the Action Plan mentioned in the progress report to be submit­ted to the Asia-Pacific joint group, cooperation of the gov­ernment, the departments con­cerned, law enforcement or­ganizations, information teams including the Ministry of Home Affairs to conduct the AML/ CFT measures, commitment of government in developing the effective AML/CFT measures and action plan and exchange of experience on AML/CFT by BOC.

Then, the CEO and Chief Compliance Officer of the Bank of China (Hong Kong) (Yangon branch) highlighted the further cooperation with CBM, Inter­nal Control for Risk Manage­ment of AML/CFT, training for employees and recommenda­tions of FATF. — MNA/KTZH