Regulatory Alerts2022-02-21
CBM Instructions & Directives (1993-2013)
The Central Bank of Myanmar issued a consolidated set of directives and instructions from 1993 to 2013 to enforce anti-money laundering and counter-terrorist financing regulations across state and private financial institutions. These mandates require banks to monitor cash transactions exceeding one hundred million Kyat or exhibiting suspicious patterns, implement Customer Due Diligence protocols, and appoint designated compliance officers in alignment with Financial Action Task Force standards. The framework standardizes reporting forms, wire transfer guidelines, and on-site examination procedures while establishing administrative sanctions to ensure consistent regulatory compliance and effective detection of illicit fund flows.
Share