A high ranking police official has insisted that the police will follow up on information regarding financial crime and has so far investigated 46 cases of money laundering involving drug and human trafficking.
“We confiscated houses and cars bought with black money as the money came from drugs and human trafficking. The revenue officials need to charge those avoiding tax through money laundering. Our police will take action under the money laundering law, but the revenue offices have not informed us of such cases yet,” said the high ranking officer, who refused to be named.
The Control of Money Laundering Law was enacted in May, 2014 but little action has been taken to halt the growing circulation of black money that is being laundered in construction and many other sectors.
“This money was obtained illegally. In the past, the minister confiscated any money obtained dishonestly. Now the judge seizes the money acquired unlawfully after the court makes a decision,” he added.
source: Eleven Myanmar