EU expected to add Myanmar to its list of money laundering countries

EU expected to add Myanmar to its list of money laundering countries

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Reuters revealed that a document from the EU Commission expected to be published today, will add Myanmar and other countries to an existing money laundering blacklist. Under the draft proposal, the Commission added Panama, the Bahamas, Mauritius, Bar

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Myanmar to open up Yangon stock exchange to foreign investments

Yangon Stock Exchange will open to foreigners amid general corporate reform

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Next month, foreigners will be able to make trades on the Yangon Stock Exchange as Myanmar continues to refine its corporate infrastructure and open its markets to direct foreign investment. In July of last year, the Securities and Exchange Commissio

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Myanmar may land on FATF watchlist

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Myanmar may end the week on an international finance watchlist. Two sources close to the Financial Action Task Force (FATF), a France-based financial monitoring agency, told Reuters that it may place Myanmar on its international “grey list̶

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Myanmar slices taxes on undeclared income in de facto amnesty law

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Myanmar’s Union Parliament has approved the 2019 Tax Law, cutting taxes for unassessed income to rates as low as three percent. The new law serves as a de facto amnesty for individuals and businesses with high levels of undeclared income. Under

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