WebMar 21, 2024 · Finally, the Financial Institutions Law of Myanmar, passed in January 2016, represented a major step towards modernizing the sector. The law established governing regulations for both domestic and foreign financial institutions. WebThe FIL replaces the Financial Institutions of Myanmar Law (“FIML”), Law No. 16/90, 4 July 1990. That law applied to Financial Institutions: • Commercial banks • Investment or development banks • Finance companies. • Credit societies. It is provided for Central Bank of Myanmar (“CBM”) to have regulatory powers.
Financial Institutions Law-2016 Central Bank of Myanmar
WebSpecifically, OFAC announced that the amendments should: (1) facilitate the movements of goods within Burma; (2) allow certain transactions related to US individuals residing in Burma; and (3) allow most transactions involving designated financial institutions. Amendments Specifically, OFAC: Web1. financial_institutions_law_updated_by_cbm_20160303website-1_0.pdf Myanma Foreign Trade Bank Address : 80-86, Mahabandoola Garden Street, Kyauktada Township, Yangon. perth jazz club
The Anti-Money Laundering Law (The Pyidaungsu Hluttaw …
WebSep 17, 2024 · Download our Myanmar Financial Services Report. Subscription options . Learn more about our service. Breadcrumb. ... Financial Institutions Law (2016) (En) Your … WebDec 29, 2016 · Box 1. Myanmar: The Financial Institutions Law (FIL) This law brings Myanmar’s legal and regulatory framework closer to international good standards. … WebOn 4 July 1990, The Financial Institutions of Myanmar Law was enacted and the Myanma Foreign Trade Bank was deemed to have been established and attained separate legal entity under that Law. At present, Myanma Foreign Trade Bank has been providing banking services under Financial Institution Law 2016 with effect from 25th January, 2016. stanley michelman attorney