Myanmar’s will to fight money laundering questioned as tougher curbs loom
Summary
Myanmar’s military-backed government may find its reluctance to address the international community’s concerns a greater obstacle to economic recovery than the threat of tougher international financial restrictions, according to analysts. The Financial Action Task Force (FATF), the global money-laundering and terrorist-financing watchdog, warned on October 30 that it could consider further measures against Myanmar if it failed to remedy shortcomings in its financial safeguards by...
Description from South China Morning Post.
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Myanmar’s will to fight money laundering questioned as tougher curbs loom
Myanmar’s military-backed government may find its reluctance to address the international community’s concerns a greater obstacle to economic recovery than the threat of tougher international financial restrictions, according to analysts. The Financial Action Task Force...
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