Regulatory Alerts2026-04-28
Central Bank of Myanmar Authorized Dealer License Regulations for Foreign Exchange Transactions
The Central Bank of Myanmar has promulgated regulations for the Authorized Dealer License that mandate strict operational and compliance standards for foreign exchange transactions. Holders must secure a one hundred million Kyat deposit in an escrow account, appoint a qualified compliance officer, and utilize approved IT and mobile systems for processing remittances. The framework enforces anti-money laundering protocols, requires timely suspicious activity reporting and accurate record-keeping, and outlines fee structures alongside suspension or revocation procedures for non-compliance.
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