Thai PBS Thai PBS
Myanmar to clamp down harder on money transfers, social media

Myanmar to clamp down harder on money transfers, social media

13 Sept 08:38 Key points summarised by AI
  • Myanmar's military regime is tightening controls on mobile banking and electronic money transfers, ordering banks and agents to collect extensive personal details for all transactions.
  • These measures, revealed in leaked documents, aim to cut financial support to opponents and include suggestions for electronic money transfer agents to install CCTV for customer surveillance.
  • Stricter regulations are also being imposed on high-volume transfer users, who will now require local ward administrator certification and a police clearance letter.
  • Additionally, the regime announced plans to create a new social media platform as a substitute for Facebook, which has been banned nationwide since the February 2021 military takeover.
Read full article
Asean 1/1
Skip > Skip >