Union Minister for Home Affairs, Lt. Gen. Tun Tun Naung, urged Myanmar to work together to complete all 15 points in the Action Plan on combating money laundering.
Lt. Gen. Tun Tun Naung, who is also the Chairman of the Central Committee, made the remarks at the meeting of the Central Committee on Combating Money Laundering held on June 3. Since Myanmar has been included in the list of countries and jurisdictions under increased monitoring (Grey List) by the Finan cial Action Task Force (FATF) since February 2020, Myanmar has been focusing on implementing its Action Plan with a strong focus on the key points outlined in the Action Plan and is holding plenary meetings every 4 months after submitting progress reports, Lt. Gen. Tun Tun Naung said.
Out of the 15 points in the Action Plan, only six remain to be fully completed at present. He urged relevant departments to work together to complete the remaining points. Moreover, it is scheduled to undergo the third round of the Mutual Evaluation (ME) process on anti-money laundering and countering the financing of terrorism (AML/CFT) in 2029, the respective committees should begin early preparation and planning for the necessary ME processes.
