Regulatory Alerts2022-02-21
CBM Instructions and Directives (2017–2020)
The Central Bank of Myanmar issued this consolidated regulatory collection spanning 2017 to 2020, mandating standardized AML/CFT compliance frameworks and enhanced customer due diligence across all licensed financial institutions. It establishes operational guidelines for converting overdraft facilities into term loans, amends transaction limits and KYC requirements for mobile financial services, and authorizes foreign bank branches to serve domestic corporate clients. Additionally, the directives systematically adjust deposit and lending interest rates, revise minimum reserve requirements and cash recycling machine limits, and introduce temporary loan repayment relief measures to stabilize market liquidity during economic shifts and the COVID-19 pandemic.