Central Bank of Myanmar (CBM) Governor Daw Than Than Swe has instructed banks and mobile money service providers to closely monitor suspicious transactions and submit reports, warning that weak compliance will face action under management rules.

She made the remarks at a meeting held on September 13 at the CBM’s Yangon branch, which focused on strengthening oversight of mobile banking and digital payment platforms, loan regulations, and risk management.

The governor stressed the need for full collection of KYC information when onboarding customers, more effective transaction monitoring, and special vigilance against online scams, fraud, and gambling. She said that guidelines for banks, mobile operators, and payment agents had already been issued, requiring stricter reporting of suspicious transactions.

She also highlighted the growing use of MMQR and digital platforms, urging closer scrutiny of agents and merchants to prevent money laundering and online fraud. Large mobile payments exceeding set limits must be processed through banking channels such as Mobile Banking, CBM-NET, or ACH, she added.

During the meeting, representatives from banks, mobile payment companies, and payment agents presented updates on their compliance efforts and future plans.

Finally, the CBM governor said banks should support lending to sectors that can drive economic growth and that loss-given-default calculations will be applied starting from the 2026–2027 fiscal year. She noted that while compliance has improved, only necessary regulations will be extended.