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Myanmar’s will to fight money laundering questioned as tougher curbs loom
Myanmar’s military-backed government may find its reluctance to address the international community’s concerns a greater obstacle to economic recovery than the threat of tougher international financial restrictions, according to analysts. The Financial Action Task Force (FATF), the global money-laundering and terrorist-financing watchdog, warned on October 30 that it could consider further measures against Myanmar if it failed to remedy shortcomings in its financial safeguards by...
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