CENTRAL BANK OF MYANMAR

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    AML / KYC

    Myanmar Officials Intensify Efforts to Exit FATF Blacklist

    By Nithya Subramanian | 10/06/2025

    Myanmar’s Central Body on Anti-Money Laundering met as officials push to complete its FATF action plan and prepare for the 2029 mutual evaluation.

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    Fintech / Regtech

    Myanmar Central Bank Launches National QR Code Standard

    By Nithya Subramanian | 11/03/2025

    MMQR will make transactions more efficient and accessible, reduce dependency on cash, and better align with global trends.

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    Fintech / Regtech

    CBM Inspects MyanmarPay Pilot Ahead of December Launch

    By Nithya Subramanian | 23/10/2024

    The national project aims to integrate QR payments across banks and financial service providers, with phased testing currently underway.

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    Sanctions

    Myanmar Punishes Exporters for Failure to Convert FX to Kyat

    By Editors | 05/08/2024

    Over 100 companies have had their export licences revoked. Their owners face potential jail time and asset confiscation.

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    Sanctions

    Expert Calls for International Sanctions on Myanmar Central Bank

    By Editors | 15/07/2024

    Sean Turnell says sanctioning the CBM would effectively embargo Myanmar’s entire banking system and limit the SAC’s ability to oppress the Myanmar people.

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    Sanctions

    Myanmar NUG Seeks to Recover $1b Frozen at NY Fed

    By Editors | 10/06/2024

    Myanmar’s National Unity Government is seeking the return of funds that were frozen in the US after the 2021 military coup.

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    Enforcement

    Myanmar Cracks Down on Cross-border Remittances

    By Editors | 06/06/2024

    “Hundi” cash transfer services and overseas property deals are being blamed for a severe depreciation of Myanmar’s currency.

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    Myanmar Tightens Restrictions on Cash Withdrawals from Banks

    By Mark Johnston | 23/11/2023

    Customers are told they need to show strong evidence of need to make large withdrawals.

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    Sanctions

    Myanmar Allows Thai Baht to be in International Payments

    By Editors | 14/08/2023

    Myanmar’s Military Council has designated the Thai Baht as a currency for both international payments and account clearing.

    Enforcement

    Myanmar Warns Against Illegal Foreign Exchange Trading

    By Mark Johnston | 29/08/2022

    The central bank warned that serious action will be taken against online businesses that are found to be illegally buying and selling foreign currencies.

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