1. According to Control of Money Laundering Law (CMLL), the Government of Union of Myanmar formed the Central Control Board on Money Laundering (CCB) on 4th July 2002 in order to cooperate, collaborate as Central Body and lay down policies for advancing AML/CFT. After enacting Anti-Money Laundering Law (AMLL) in 2014, the CCB was reformed as Anti-Money Laundering Central Board (AMLCB) on 4th August 2014 under AMLL Section-6. AMLCB was comprised of:
2. The duties of Anti-Money Laundering Central Board (AMLCB) which were states in Anti-Money Laundering Law (AMLL) are as follows.
3. In order to achieve the objectives of AMLL, AMLCB formed FIU to receive and analyze the information submitted from reporting agencies; to disseminate the intelligence to relevant law enforcement agencies; and to investigate for AML/CFT. The AMLCB is conducting the coordinating and policy laying down functions continuously by holding its meeting in order to implement AML/CFT measure effectively. Moreover, AMLCB is submitting its annual progress report to the Union Government regularly. AMLCB is also conducting the National Risk Assessment on Money Laundering and Combatting the Financing of Terrorism (NRA) by forming the National Risk Assessment Committee in order to implement AML/CFT enforcement measure by reviewing the current Myanmar’.