The meeting on the assessment of the Asia-Pacific Joint Group (AP JG) was held to discuss the progress of Myanmar’s Anti-Money Laundering and Countering the Financing of Terrorism-AML/CFT at the Central Bank of Myanmar through Videoconferencing on 23 August.
During the meeting, Co-chair of the AP JG, Mr. Yogpal Singh who is a citizen of India and Governor Daw Than Than Swe of the Central Bank of Myanmar gave their opening speeches and then the both sides exchanged views on the following matters:
- Regarding Myanmar’s AML/ CFT progress: performing an evidence-based and systematic approach to the risk of loss related to money laundering; reducing the risks of loss, and enhancing awareness activities related to money laundering.
- Ensuring full disclosure during investigations and seizures by law enforcement agencies; and drafting about the material management by the Law Drafting Committee.
- Combating the financing of terrorism; advancing of awareness-raising related to counter-terrorism financing and the spread of weapons of mass destruction in accordance with UN Security Council resolutions; and the field inspection of compliance of banks and financial institutions.
The meeting was attended by officials from the Financial Action Task Force (FATF) and Asia Pacific Group (APG), representatives from the AP JG member countries, Governor of the Central Bank of Myanmar, representatives from the Ministry of Legal Affairs, Anti-Corruption Commission and representatives from the departmental concerned.
Source: The Global New Light of Myanmar (24.8.2022)
- During the AP JG plenary meeting, the both sides exchanged views on the advancing of awareness-raising related to counter-terrorism financing and the spread of weapons of mass destruction in accordance with UN Security Council resolutions; and the field inspection of compliance of banks and financial institutions.