What Do Myanmar Company Directors Need to Know About Beneficial Ownership?

September 29, 2020

ABOUT THE WEBINAR

Beneficial ownership (BO), and the related concept of politically exposed persons (PEPs) are relatively new to Myanmar. They have recently been introduced into regulation through both the Myanmar Extractives Industries Transparency Initiative (MEITI) and the introduction of requirements to combat money-laundering as part of Myanmar’s response to the assessment by the OECD’s Financial Action Task Force.  In November 2019, DICA issued a Directive 17/2019 on disclosure of beneficial ownership information.

This MIOD webinar (in Myanmar language) will examine what BO is and who in Myanmar is a ‘PEP’. It will offer an update from DICA on what companies need to do to comply with disclosure requirements.  It will also cover wider developments in transparency of company ownership at Myanmar and international level.