Financial Crime World

Myanmar Tightens Laps on Money Laundering

Strengthening Financial Regulations in Myanmar

In a significant move to combat illicit financial transactions and money laundering, Myanmar has taken substantial strides in enhancing its financial regulations. The country’s commitment to this cause was solidified when it joined the Asia-Pacific Group (APG) in March 2006.

Combating Money Laundering through Robust Laws

As part of its efforts to prevent and detect suspicious activities, Myanmar has enacted robust anti-money laundering laws. These measures have led to the establishment of a Financial Intelligence Unit (FIU), which plays a crucial role in monitoring and analyzing financial data to identify potential money laundering schemes.

  • Key Features of Anti-Money Laundering Laws
    • Prevention and detection of suspicious activities
    • Establishment of a Financial Intelligence Unit (FIU)
    • Monitoring and analysis of financial data

Submission of Suspicious Transaction Reports (STRs)

In line with international best practices, Myanmar’s financial institutions are now required to submit Suspicious Transaction Reports (STRs) to the FIU. This enables the authorities to take swift action against any malicious activity.

  • Benefits of STR Submissions
    • Enhanced transparency and accountability within the country’s financial sector
    • Swift action against malicious activities

Second APG Mutual Evaluation in December 2017


Myanmar recently underwent its second APG Mutual Evaluation in December 2017, which was subsequently adopted by APG members in July 2018. The comprehensive report provides an in-depth assessment of Myanmar’s anti-money laundering framework and offers recommendations for further improvement.

  • Key Findings of the Report
    • Assessment of Myanmar’s anti-money laundering framework
    • Recommendations for further improvement

Access to the Financial Intelligence Unit (FIU)


The full report is available on the APG website under Members and Observers and Mutual Evaluation Reports - 3rd Round. Access to the FIU, known as the Myanmar Financial Intelligence Unit (MFIU), can also be found on the APG website.