Finanse publiczne · 19/10/2016

U.S. Financial Institutions May Be Exempt from Bank Secrecy Act Regulations for Burmese Banks Under Certain Conditions

The U.S. government has proposed a conditional exception to the Bank Secrecy Act, allowing some U.S. financial institutions to maintain accounts for Burmese banks under specific conditions, in an effort to combat sanctions and support humanitarian efforts in Myanmar.