FATF call for action
In 2022 the FATF added Myanmar to its list of jurisdictions subject to a call for action, its highest-risk category. The FATF urges the application of enhanced due diligence measures proportionate to the risk.
Southeast Asia · Country coverage
AML/CTF Compliance in Myanmar
Myanmar is subject to a FATF call for action and regulates AML/CTF through the MFIU. See the jurisdiction risk, obligations, and how MemberCheck supports them.
Last updated
Screening coverage for Myanmar
- Sanctions & PEP screening
- Adverse media checks
- Jurisdiction risk checks
- Enhanced due diligence
- Ongoing monitoring
Key facts
AML supervisor / FIUCentral Bank of Myanmar (banking supervisor); Myanmar Financial Intelligence Unit (MFIU)
FATF statusFATF call for action (blacklist)
Primary legislationAnti-Money Laundering Law (2014)
Overview
AML/CTF compliance in Myanmar.
Myanmar regulates money laundering and terrorism financing under the Anti-Money Laundering Law of 2014, with the Central Bank of Myanmar supervising banks and financial institutions and the Myanmar Financial Intelligence Unit (MFIU) receiving and analysing suspicious transaction reports. The country is a member of the Asia/Pacific Group on Money Laundering. In 2022, however, the FATF added Myanmar to its list of jurisdictions subject to a call for action, its highest-risk category.
While that listing remains in place, exposure to Myanmar carries elevated legal, financial, and reputational risk, and the FATF urges enhanced due diligence measures proportionate to the risk. Teams manage exposure through jurisdiction risk assessment, sanctions screening, and enhanced due diligence on counterparties and beneficial owners, alongside the customer due diligence and reporting duties set out in domestic law.
MemberCheck helps teams manage this risk by screening customers and entities against global sanctions, PEP, and adverse-media data, flagging jurisdiction risk, and supporting enhanced due diligence, with a clear audit trail behind every decision.
Regulation
All solutions →Key laws and regulators.
Central Bank of Myanmar and the MFIU
The Central Bank of Myanmar is the AML/CTF supervisor for banks and financial institutions, issuing regulatory and supervisory guidance on due diligence, record keeping, and reporting. The MFIU, which sits under the Anti-Money Laundering Central Board, is the financial intelligence unit and receives, analyses, and disseminates suspicious transaction reports.
Anti-Money Laundering Law (2014)
Myanmar's principal AML statute. It sets customer due diligence, record-keeping, and suspicious transaction reporting duties for reporting entities.
Jurisdiction and enhanced due diligence
Given the FATF listing, exposure to Myanmar carries elevated risk. Teams manage it through jurisdiction risk assessment, sanctions screening, and enhanced due diligence on counterparties and beneficial owners.
Obligations
What regulated businesses must do.
- Apply enhanced due diligence to Myanmar-linked exposure
- Customer due diligence on customers and beneficial owners
- File suspicious transaction reports with the MFIU
- Assess jurisdiction and correspondent-banking risk
- Ongoing monitoring of customer transactions
- Staff training and record keeping
1,000+
Global watchlists screened
<1s
Average screening response
24h
Watchlist refresh cycle
195
Countries covered
FAQ
Common questions.
Why is Myanmar on the FATF blacklist?
In 2022 the FATF placed Myanmar on its list of jurisdictions subject to a call for action, its highest-risk category, citing strategic AML/CTF deficiencies. The FATF urges enhanced due diligence measures proportionate to the risk.
Who supervises AML/CTF in Myanmar?
The Central Bank of Myanmar supervises banks and financial institutions for AML/CTF compliance and issues the regulatory guidance they work to. The Myanmar Financial Intelligence Unit (MFIU), which sits under the Anti-Money Laundering Central Board, is a separate body that receives and analyses suspicious transaction reports rather than examining institutions. Myanmar is a member of the Asia/Pacific Group on Money Laundering and remains subject to a FATF call for action over strategic AML/CTF deficiencies.
What does Myanmar's listing mean for compliance teams?
Exposure to Myanmar carries elevated risk while the FATF call for action remains in place. Teams manage it through jurisdiction risk assessment, sanctions screening, and enhanced due diligence on counterparties.
How does MemberCheck support AML compliance in Myanmar?
MemberCheck screens customers and entities against global sanctions, PEP, and adverse-media data, flags jurisdiction risk, and supports enhanced due diligence, with an audit trail behind every decision.
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