Myanmar Banks Association (MBA) has issued a statement saying that measures are being taken to ban any deposit or withdrawal of the bank accounts of suspicious-looking people or terminate such accounts.

As instructed by the Financial Intelligence Union (FIU) through the Central Bank of Myanmar (CBM), the statement says, information about the accounts of suspicious-looking people regarding money laundering and terrorism-related financial assistance is being sent on a timely basis.

MBA is banning any deposit or withdrawal of suspicious bank accounts or terminating them and sending further information demanded by the law enforcement bodies and CBM by exactly following the instructions of the FIU and CBM. 

Moreover, for the matters related to the confiscation of things as State funds, MBA is following the instructions such as terminating bank accounts and handing them over to the State, the statement added.