ARTICLES

Rules or Ruse? Myanmar’s Anti-Money Laundering Efforts Coerce Compliance with a Rigged Financial System

Jared Bissinger

Since being labelled a “Jurisdiction of Concern” by the Financial Action Task Force (FATF) in 2022, Myanmar’s military government has undertaken efforts to improve its technical compliance with the FATF’s recommendations on anti-money laundering and countering the financing of terrorism (AML/CFT). But the regime uses AML/CFT compliance less to address actual money laundering, and more as a tool to compel individuals and businesses to use the state-controlled financial system.

Challenges and Priorities for Myanmar’s Conflicted Economy

Jared Bissinger

Myanmar’s economy in 2024 continued to struggle with slow growth, high inflation, increasing poverty, and declining real wages. Its near-term economic prospects are weak, weighed down by conflict, outmigration, uncertainty, and State Administration Council (SAC) policies that extract from the real economy to resource the regime.