Experts finalize strategy for combating money laundering, financing of terrorism

THE Committee on Drafting the National Strategy for Combating Money Laundering and the Financing of Terrorism held meeting No. 1/2019 at the Myanmar Police Force Headquarters in Nay Pyi Taw yesterday.

Attending the meeting were committee chairman and Deputy Minister for Home Affairs, Maj-Gen Aung Thu, committee members including the deputy minister for planning and finance, the deputy attorney-general, a deputy governor from the Central Bank of Myanmar, a member of the Anti-Corruption Commission, and invited guests.

In his address, Maj-Gen Aung Thu said the aim and objectives of the strategy should be practical and attainable so that we can reduce the risks outlined in the national risk assessment. He said suggestions and advice from relevant departments and organizations across the country will be added into the national strategy and will require actual implementation to follow. He urged the attendees to actively participate in the discussions for the draft strategy as it will be approved in the meeting.

Next, committee secretary Police Brig-Gen Kyaw Win Thein, also head of the Anti-Financial Crime Division, explained the completed implementation of the previous meeting’s decisions, the completed status of drafting the national strategy, and future processes to be approved by the committee. Attendees then provided suggestions for the draft strategy.

The national strategy (draft) will be submitted to the Union government for further procedures.

MNA

(Translated by Zaw Htet Oo)

Ref; The Global New Light of Myanmar