Myanmar (Burma)

New Documents

The Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism announced the conclusion of its 65th plenary meeting, which was held from May 24 to May 26, 2023.

The European Banking Authority launched a public consultation on amendments to expand the scope of guidelines on customer due diligence that cover the factors that financial institutions and other entities should consider when assessing money laundering and terrorist financing risks.


Enforcement Actions

The National Bank of Georgie imposed a monetary penalty on the Tbilisi, Georgia-based financial institution for anti-money laundering and counterterrorist financing violations.

The National Bank of Georgia imposed a fine on the Tbilisi, Georgia-based bank for anti-money laundering and counterterrorist financing violations.

Key Documents

Important Facts

  • The U.S. State Department lists Myanmar (Burma) as a major money laundering jurisdiction. It is not a regional or offshore financial center. It remains vulnerable to money laundering due to its sizable illicit economy and underdeveloped banking sector.  This includes products such as gemstones, timber, and narcotics. Widespread drug production, the proliferation of casinos, and the use of remittance networks adds to the government's inability to exercise control over the country's sovereign borders and combat international money laundering. The country's technical capacity to effectively implement and enforce anti-money laundering regulations and practices remains limited.
-Source: 2021 International Narcotics Control Strategy Report (INCSR)


FATF i | 2013 Methodology

Technical Effectiveness
Compliant : 7 High : 0
Largely Compliant : 17 Substantial : 0
Partially Compliant : 14 Moderate : 1
Non-Compliant : 2 Low : 10

No longer a"graylisted" country as of June 24, 2016. Myanmar's technical compliance was re-rated in a Aug. 24, 2022 follow-up report.


Rank : 107/110
Score : 7.83/10


Rank : 137/179
Score : 28/100

Tax Justice Network i

Rank : N/A
Score : N/A