Myanmar remains on the FATF “black list” with AML progress offset by ongoing risk of fraud and cyber scam activities

Myanmar has retained its position on the Financial Action Task Force's black list of jurisdictions with deficient anti-money laundering and counter-terrorism financing controls. While authorities have made incremental progress on compliance measures, persistent vulnerabilities—particularly surrounding fraud and cybercrime—continue to undermine the country's regulatory standing.

Myanmar's border regions have become notorious as havens for illegal gaming operations and scam centers that prey on international victims. These illicit hubs operate with relative impunity, generating proceeds that flow through informal financial channels and complicate international AML efforts. The proliferation of organized cybercrime and fraud networks in the country represents a significant challenge to both regional and global financial integrity.

The FATF designation carries material consequences for Myanmar's banking sector and legitimate businesses seeking international partnerships. For the global iGaming industry, the country's continued presence on the black list underscores the importance of robust due diligence and the risks posed by jurisdictions with weak regulatory frameworks. Operators and payment processors must exercise heightened caution when evaluating any business exposure to Myanmar-based entities or networks.