Myanmar SME challenges / Politically Exposed Persons / Anti-laundering compliance costs

Business Environment Index Shows Transparency a Major Challenge to SME Growth (Interview/Resource).  “While businesses in different locations struggle with different challenges, businesses in all states and regions say access to government information is poor. This includes access to government budgets, regulations, licensing fees and more.”

Nan Lwin/The Irrawaddy: 

Myanmar Business Environment Index 2019/The Asia Foundation:


The Case for Governments Maintaining PEP Registries (Blog).  “With barely any independent oversight into how [private] firms compile their [due diligence on Politically Exposed Persons], there is no way to ensure the lists are accurate, and there’s at least some evidence that they aren’t: Many of the vendors on which financial institutions rely were found to have “incomplete and unreliable PEP lists” in the past and these commercial databases also produce thousands of false positives due to people with identical names.”

Ruta Mrazauskaite/The Global Anticorruption Blog: 


The Cost of Anti-Money Laundering Compliance in Asia Pacific Region Increased 10% in Past 24 Months, Finds Study by LexisNexis Risk Solutions.  ‘The True Cost of Anti-Money Laundering (AML) Compliance: Asia Pacific Edition’ finds that AML compliance costs rose 9% to 10% during the past two years with growth expected to continue at a similar rate over the coming year.

LexisNexis Risk Solutions:

Popular posts from this blog

Global Anticorruption Blog - Guest Post: Why Debarment Is Different–A Reply to Professor Stephenson

Philippines business environment / Malaysia anti-laundering rules / Sri Lanka asset declaration

Bangladesh politician snared / Thailand judicial independence / Sri Lanka sports corruption