Jakarta: On Friday, February 21, 2020, the international body that keeps an eye on financial issues has put Myanmar on the money laundering watch list (gray list). Where the institute has asked Myanmar to clamp down on drug production and crime.
The FATF put Myanmar's money laundering watch list on the gray list: while the FATF has put Myanmar on the gray list, it has said to stop the money laundering issues. No representative of the Myanmar government was available on Friday to react to the matter, but its representative KW Thein, who had come to attend the FATF meeting this week, said on Wednesday that his country was capable of clamping down on money laundering.
Myanmar has unsuccessfully tried to curb money laundering cases: FATF is headquartered in Paris and is an intergovernmental agency, according to information received. Where he said in his statement that Myanmar has tried its best to stop the cases of money laundering, but its efforts in major areas still remain lacking.
FATF retains Pakistan in gray list: It is being said that a big decision regarding Pakistan was given in the FATF plenary session meeting in Paris. Pakistan remained on the main agenda throughout this session. FATF has retained Pakistan in the gray list. During this time, Pakistan was asked to be kept on the FATF watch list for terrorist funding. Significantly, to stop the flow of black money, including terrorist funding, the FATF, a body formed to enact a uniform rule law, is going on in Paris since last Sunday and its decision has come out on Friday.
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