No more NCCT's

There are currently no countries listed as being non compliant countries or territories by the FATF:

Myanmar removed from money laundering black list

The last of the countries on the Financial Action Task Force (FATF) Non Cooperative Countries and Territories list (NCCT) was removed last week. The announcement that Myanmar was no longer considered non co-operative was made at a FATF meeting in Vancouver on Friday.

Myanmar introduced anti money laundering laws in 2002, giving its authorities the power to investigate and seize assets acquired through criminal activities such as trafficking in drugs, humans and weapons.

Police Colonel Sit Aye, head of the Home Affairs Ministry's Transnational Crimes Department, cited the 2005 deregistration of two banks as evidence of the enforcement of Myanmar's AML laws. Asia Wealth Bank and Myanmar Mayflower Bank were both deregistered after being accused by the United States of money laundering and being linked to drug traffickers.