Possible Repercussions of the FATF Grey Listing and EU Blacklisting on International Financial Transacting
As a result of Myanmar's 2018 Mutual Evaluation Report (MER), in 2020 Myanmar appeared on the Financial Action Taskforce (FATF) "grey list" of countries with deficiencies in their Anti Money Laundering regime. The EU added Myanmar to its own "blacklist" largely on the basis of the same report.
These developments place significant pressure on international transactions, requiring regulated institutions to conduct additional due diligence on trade with the country. Banks are re-assessing credit lines; counterparts must enhance the due diligence on their relationships: it is becoming more difficult to do business in Myanmar.
This event will be conducted as an online meeting and will involve a presentation by GovRisk on the the pressure of the stance taken by FATF & EU on financial services, followed by the facilitation of an interactive discussion.
The discussion is intended for professionals working in Financial Services - and businesses using those services - who are experiencing changes in the way they operate as a repercussion of the grey-listing, such as making payments and accessing credit.
Date: Thursday 27th August, 2020
Time: 14.30 - 15.30
Venue: Online Meetings
Cost to Members: FOC
Cost to Non Members: $5
Access and Cancellation
You will be sent the link to attend 24 hours in advance, then again one hour before. You must pay for your ticket in advance of the webinar, or you will not be sent the access link.
If you are no longer able to attend please cancel your place 24 hours in advance via email to firstname.lastname@example.org. All no shows will still be charged the entry fee. Places which have not been cancelled will not be refunded.
Chief Executive Officer at British Chamber of Commerce Myanmar
Lead for FSIP AML Myanmar Workstream at GovRisk - The International Governance and Risk Institute