Myanmar

  • 9 Nov 2023

    Myanmar's progress in strengthening measures to tackle money laundering and terrorist financing In light of the progress made by Myanmar since its MER was adopted, the country has been re-rated on one Recommendation.

  • 27 Oct 2023

    High-Risk Jurisdictions subject to a Call for Action - October 2023 High-risk jurisdictions have significant strategic deficiencies in their regimes to counter money laundering, terrorist financing, and financing of proliferation. For all countries identified as high-risk, the FATF calls on all members and urges all jurisdictions to apply enhanced due diligence, and, in the most serious cases, countries are called upon to apply counter-measures to protect the international financial system from the money laundering, terrorist financing, and proliferation financing (ML/TF/PF) risks emanating from the country..

  • 23 Jun 2023

    High-Risk Jurisdictions subject to a Call for Action - June 2023 High-risk jurisdictions have significant strategic deficiencies in their regimes to counter money laundering, terrorist financing, and financing of proliferation. For all countries identified as high-risk, the FATF calls on all members and urges all jurisdictions to apply enhanced due diligence, and, in the most serious cases, countries are called upon to apply counter-measures to protect the international financial system from the money laundering, terrorist financing, and proliferation financing (ML/TF/PF) risks emanating from the country..

  • 24 Feb 2023

    High-Risk Jurisdictions subject to a Call for Action – 24 February 2023 High-risk jurisdictions have significant strategic deficiencies in their regimes to counter money laundering, terrorist financing, and financing of proliferation. For all countries identified as high-risk, the FATF calls on all members and urges all jurisdictions to apply enhanced due diligence, and, in the most serious cases, countries are called upon to apply counter-measures to protect the international financial system from the money laundering, terrorist financing, and proliferation financing (ML/TF/PF risks emanating from the country.

  • 21 Oct 2022

    High-Risk Jurisdictions subject to a Call for Action – 21 October 2022 High-risk jurisdictions have significant strategic deficiencies in their regimes to counter money laundering, terrorist financing, and financing of proliferation. For all countries identified as high-risk, the FATF calls on all members and urges all jurisdictions to apply enhanced due diligence, and, in the most serious cases, countries are called upon to apply counter-measures to protect the international financial system from the money laundering, terrorist financing, and proliferation financing (ML/TF/PF risks emanating from the country.

  • 26 Aug 2022

    Follow-up report to Myanmar's assessment of anti-money laundering and counter-terrorist financing measures This follow-up report analyses the progress of Myanmar in addressing the technical compliance deficiencies identified in its MER and FURs.

  • 17 Jun 2022

    Jurisdictions under Increased Monitoring - June 2022 Jurisdictions under increased monitoring are actively working with the FATF to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing.

  • 21 Oct 2021

    Jurisdictions under Increased Monitoring - October 2021 Jurisdictions under increased monitoring are actively working with the FATF to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing.

  • 9 Aug 2021

    Follow-up report to Myanmar's assessment of anti-money laundering and counter-terrorist financing measures This follow-up report analyses the progress of Myanmar in addressing the technical compliance deficiencies identified in its MER.

  • 25 Jun 2021

    Jurisdictions under Increased Monitoring - June 2021 Jurisdictions under increased monitoring are actively working with the FATF to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing.

  • 25 Feb 2021

    Jurisdictions under Increased Monitoring - February 2021 Jurisdictions under increased monitoring are actively working with the FATF to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing.

  • 23 Oct 2020

    Jurisdictions under Increased Monitoring – 23 October 2020 Jurisdictions under increased monitoring are actively working with the FATF to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing. Iceland and Mongolia are no longer subject to monitoring.

  • 15 Sep 2020

    Follow-up report to Myanmar's assessment of anti-money laundering and counter-terrorist financing measures This follow-up report analyses the progress of Myanmar in addressing the technical compliance deficiencies identified in its MER.

  • 30 Jun 2020

    Jurisdictions under Increased Monitoring – 30 June 2020 Jurisdictions under increased monitoring are actively working with the FATF to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing.

  • 21 Feb 2020

    Jurisdictions under Increased Monitoring – 21 February 2020 Jurisdictions under increased monitoring are actively working with the FATF to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing. Trinidad and Tobago is no longer subject to monitoring.

  • 20 Aug 2019

    Follow-up report to Myanmar's assessment of anti-money laundering and counter-terrorist financing measures This follow-up report analyses the progress of Myanmar in addressing the technical compliance deficiencies identified in its MER.

  • 6 Nov 2018

    Myanmar's measures to combat money laundering and terrorist financing This evaluation analyses the level of compliance with the FATF 40 Recommendations and the level of effectiveness of the Myanamar's AML/CFT system.

  • 27 Jun 2016

    Outcomes of the Plenary meeting of the FATF, Busan Korea, 22–24 June 2016 Delegates discussed improving transparency and beneficial ownership, and the global response to terrorist financing. The FATF adopted a new Standard for non-profit organisations, issued a statement on Iran and discussed the mutual evaluation reports of Austria, Canada and Singapore. During the list meeting under the Korean Presidency, delegates also heard an update of AML/CFT improvements in Myanmar and Papua New Guinea.

  • 19 Feb 2016

    Improving Global AML/CFT Compliance: on-going process – 19 February 2016 The FATF recognised that Algeria, Angola and Panama have made significant progress in improving their regimes to combat money laundering and terrorist financing and will therefore no longer be subject to the FATF’s monitoring process.The FATF identified jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF.

  • 23 Oct 2015

    FATF Public Statement - 23 October 2015 The FATF has updated its public statement identifying jurisdictions with strategic deficiencies in anti-money laundering / countering the financing of terrorism measures. FATF calls on countries to apply counter-measures to Iran and the Democratic People's Republic of Korea. FATF also calls its members to consider the risks emanating from Myanmar.

  • 26 Jun 2015

    FATF Public Statement - 26 June 2015 The FATF has updated its public statement identifying jurisdictions with strategic deficiencies in anti-money laundering / countering the financing of terrorism measures. FATF calls on countries to apply counter-measures to Iran and the Democratic People's Republic of Korea. FATF also calls its members to consider the risks emanating from Algeria and Myanmar.

  • 27 Feb 2015

    FATF Public Statement - 27 February 2015 The FATF has updated its public statement identifying jurisdictions with strategic deficiencies in anti-money laundering / countering the financing of terrorism measures. FATF calls on countries to apply counter-measures to Iran and the Democratic People's Republic of Korea. FATF also calls its members to consider the risks emanating from Algeria, Ecuador and Myanmar.

  • 24 Oct 2014

    Public Statement - 24 October 2014 The FATF has updated its public statement identifying jurisdictions with strategic deficiencies in anti money-laundering / countering the financing of terrorism measures. FATF calls on countries to apply counter-measures to Iran and the Democratic People's Republic of Korea. FATF also calls its members to consider the risks emanating from Algeria, Ecuador, Indonesia and Myanmar.

  • 27 Jun 2014

    FATF Public Statement - 27 June 2014 The FATF has updated its public statement issued in February 2014 which identifies jurisdictions with strategic anti-money laundering and countering the financing of terrorism (AML/CFT deficiencies.

  • 14 Feb 2014

    FATF Public Statement - 14 February 2014 The FATF has updated its public statement issued in October 2013 which identifies jurisdictions with strategic anti-money laundering and countering the financing of terrorism (AML/CFT deficiencies.

  • 18 Oct 2013

    FATF Public Statement, 18 October 2013 The FATF has updated its public statement issued in June 2013 which identifies jurisdictions with strategic anti-money laundering and countering the financing of terrorism (AML/CFT deficiencies.

  • 21 Jun 2013

    FATF Public Statement - 21 June 2013 The FATF has updated its public statement issued in February 2013 which identifies jurisdictions with strategic anti-money laundering and countering the financing of terrorism (AML/CFT deficiencies.

  • 22 Feb 2013

    FATF Public Statement 22 February 2013 The FATF has updated its public statement issued in October 2012 which identifies jurisdictions with strategic anti-money laundering and countering the financing of terrorism (AML/CFT deficiencies.

  • 19 Oct 2012

    FATF Public Statement - 19 October 2012 The FATF has updated its public statement issued in June 2012 which identifies jurisdictions with strategic anti-money laundering and countering the financing of terrorism (AML/CFT deficiencies.

  • 25 Jun 2012

    FATF Public Statement - 22 June 2012 The FATF has updated its public statement issued in February 2012 which identifies jurisdictions with strategic anti-money laundering and countering the financing of terrorism (AML/CFT deficiencies.

  • 16 Feb 2012

    FATF Public Statement - 16 February 2012 The FATF has updated its public statement issued in October 2011 which identifies jurisdictions with strategic anti-money laundering and countering the financing of terrorism (AML/CFT deficiencies.

  • 28 Oct 2011

    FATF Public Statement - 28 October 2011 The FATF has updated its public statement issued in June 2011 which identifies jurisdictions with strategic anti-money laundering and countering the financing of terrorism (AML/CFT deficiencies.

  • 24 Jun 2011

    FATF Public Statement - 24 June 2011 The FATF has updated its public statement issued in February 2011 which identifies jurisdictions with strategic anti-money laundering and countering the financing of terrorism (AML/CFT deficiencies.

  • 25 Feb 2011

    Improving Global AML/CFT Compliance: on-going process - 25 February 2011 As part of its ongoing review of compliance with the AML/CFT standards, the FATF has identified jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF.

  • 22 Oct 2010

    Improving Global AML/CFT Compliance: update on-going process - October 2010 As part of its ongoing review of compliance with the AML/CFT standards, the FATF has identified jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF.

  • 25 Jun 2010

    Improving Global AML/CFT Compliance: update on-going process - June 2010 The FATF has identified jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF. While the situations differ among each jurisdiction, each jurisdiction has provided a written high-level political commitment to address the identified deficiencies.

  • 18 Feb 2010

    Improving Global AML/CFT Compliance: update on-going process - February 2010 As part of its ongoing review of compliance with the anti-money laundering and counter-terrorist financing standards, the FATF has to date identified a number of jurisdictions which have strategic deficiencies. These jurisdictions have developed an action plan with the FATF to address these deficiencies. While the situations differ among each jurisdiction, each jurisdiction has provided a written high-level political commitment to address the identified deficiencies. FATF welcomes these commitments.

  • 10 Jul 2008

    Mutual Evaluation of Myanmar Myanmar is a member of APG, the assessment of the implementation of anti-money laundering and counter-terrorist financing (AML/CFT measures in Myanmar was conducted by APG.

Member of

Head of delegation

Observer to

Effectiveness

Ratings that reflect the extent to which a country's measures are effective. The assessment is conducted on the basis of 11 immediate outcomes, which represent key goals that an effective AML/CFT system should achieve.

Ratings that reflect the extent to which a country's measures are effective. The assessment is conducted on the basis of 11 immediate outcomes, which represent key goals that an effective AML/CFT system should achieve.

Benin Follow-Up Report 2023

IO1
LE
IO2
LE
IO3
LE
IO4
LE
IO5
LE
IO6
LE
IO7
LE
IO8
LE
IO9
LE
IO10
LE
IO11
LE
  • HE = high level of effectiveness
  • SE = substantial level of effectiveness 
  • ME = moderate level of effectiveness
  • LE = low level of effectiveness

Benin Follow-Up Report 2023

R.1 - Assessing risk & applying risk-based approach
LC
R.2 - National cooperation and coordination
LC
R.3 - Money laundering offence
LC
R.4 - Confiscation and provisional measures
PC
R.5 - Terrorist financing offence
PC
R.6 - Targeted financial sanctions related to terrorism & terrorist financing
LC
R.7 - Targeted financial sanctions related to proliferation
LC
R.8 - Non-profit organisations
NC
R.9 - Financial institution secrecy laws
C
R.10 - Customer due diligence
PC
R.11 - Record keeping
LC
R.12 - Politically exposed persons
PC
R.13 - Correspondent banking
LC
R.14 - Money or value transfer services
PC
R.15 - New technologies
NC
R.16 - Wire transfers
PC
R.17 - Reliance on third parties
LC
R.18 - Internal controls and foreign branches and subsidiaries
LC
R.19 - Higher-risk countries
NC
R.20 - Reporting of suspicious transactions
PC
R.21 - Tipping-off and confidentiality
C
R.22 - DNFBPs: Customer due diligence
PC
R.23 - DNFBPs: Other measures
PC
R.24 - Transparency and beneficial ownership of legal persons
NC
R.25 - Transparency and beneficial ownership of legal arrangements
NC
R.26 - Regulation and supervision of financial institutions
PC
R.27 - Powers of supervisors
C
R.28 - Regulation and supervision of DNFBPs
NC
R.29 - Financial intelligence units
C
R.30 - Responsibilities of law enforcement and investigative authorities
C
R.31 - Powers of law enforcement and investigative authorities
C
R.32 - Cash couriers
PC
R.33 - Statistics
LC
R.34 - Guidance and feedback
PC
R.35- Sanctions
LC
R.36 - International instruments
LC
R.37 - Mutual legal assistance
C
R.38 - Mutual legal assistance: freezing and confiscation
LC
R.39 - Extradition
LC
R.40 - Other forms of international cooperation
LC
  • C = compliant 
  • LC = largely compliant
  • PC = partially compliant
  • NC = non-compliant

HE = high level of effectiveness   |   SE = substantial level of effectiveness    |   ME = moderate level of effectiveness   |   LE = low level of effectiveness