FATF called for enhanced due diligence on Myanmar following blacklist: RBI

Earlier in February 2020, Democratic People's Republic of Korea (DPRK) and Iran was put on blacklist by the anti-terror financing and anti-money laundering watchdog

Reserve Bank of India, RBI
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BS Reporter Mumbai
The Reserve Bank of India (RBI) on Thursday said the Financial Action Task Force (FATF) has called on its members to apply enhanced due diligence measures proportionate to the risk arising from Myanmar. The move comes after Myanmar was put on the ‘High-Risk Jurisdictions subject to a Call for Action’ category – commonly known as blacklist countries.

Earlier in February 2020, Democratic People’s Republic of Korea (DPRK) and Iran was put on blacklist by the anti-terror financing and anti-money laundering watchdog.

“When applying enhanced due diligence measures, countries have been advised to ensure that flows of funds for humanitarian assistance,

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First Published: Oct 27 2022 | 11:24 PM IST

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