Myanmar may be placed on an international blacklist of countries not complying with anti-money laundering rules, adding to the economic chaos under its junta.
On September 7, Nikkei Asia reported that the Financial Action Task Force was likely to place Myanmar on its “blacklist”. The country’s outlawed opposition has asked the New York Federal Reserve to unfreeze Myanmar government funds to back what it calls a “digital currency”.
At present, Iran and North Korea are the world’s only
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Tags: Central Banking