Myanmar enacts new Anti-Money Laundering Law

27 March 2026

On 11 March 2026, Myanmar enacted a new Anti-Money Laundering Law (Law No. 16/2026), replacing its 2014 predecessor.

The law addresses, among other matters, the definition and scope of money laundering offences, as well as the objectives and application of the legislation.
It also establishes the institutional framework for the administration and enforcement of the law, including the formation of central bodies and investigative authorities, and sets out their respective functions and powers.

In addition, the law provides for preventive measures and reporting obligations applicable to relevant persons and entities. It also contains provisions relating to cross-border financial transactions and international cooperation. The law also addresses enforcement, including penalties for non-compliance with its provisions.