Myanmar soon to be on money-laundering hotspot watch list
Being on the list carries no sanctions but could curtail the growth of financial, investment and trade flows to the country
19 February 2020 - 17:19
Jakarta — Myanmar is set to be placed on a watch list by a global finance watchdog this week, amid concerns of money-laundering by transnational drug traffickers and weak regulation of its financial system, two sources familiar with the deliberations said.
A decision to put Myanmar on the “grey list” by the Paris-based Financial Action Task Force (FATF) would mean the inter-governmental body had found “strategic deficiencies” in the country’s ability to counter money-laundering and terrorism financing...
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