09 January, 2008
The APG will conduct an on-site visit to Myanmar to evaluate Myanmar's anti-money laundering and countering the financing of terrorism framework and systems.
The assessment of a country’s AML/CFT system and its compliance with AML/CFT standards is conducted by experts experienced in the legal, financial sector and law enforcement areas of AML/CFT systems. These evaluations are based on the FATF's Forty Recommendations 2003 and the Nine Special Recommendations 2001 and use the Anti-Money Laundering/Combating Terrorist Financing (AML/CFT) Methodology 2004.
The evaluation consists of two major components: first, the on-site visit involving meetings with key governmental and private sector agencies (including banks, other financial institutions, the real estate, legal and accountancy professions); and second, the examination of the report of the visit by the full APG plenary.
Upon completion of the mutual evaluation process, which will include a detailed consideration of the report at the APG Annual Meeting in July 2008, the Myanmar mutual evaluation report will be published on the APG website.
Click on the "Jurisdictions" button at the top of this page for further information about Myanmar's AML/CFT system.