Regulatory Alerts2022-02-21
CBM Instructions & Directives (2013-2016)
The Central Bank of Myanmar issued a comprehensive compilation of instructions and directives spanning 2013 to 2016, establishing binding regulatory frameworks for commercial banks, financial institutions, and mobile network operators. These mandates standardize licensing procedures, enforce strict anti-money laundering and counter-terrorist financing protocols, and revise minimum reserve requirements alongside updated ATM operational standards. Financial entities must align their internal controls, customer due diligence processes, and monthly reporting mechanisms with these directives to maintain full compliance following Myanmar’s removal from the FATF black list.
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