A new directive enforcing more stringent scrutiny procedures and increased compliance monitoring has been issued by Myanmar's Directorate of Investment and Company Administration (DICA). The stakes for corporate compliance in Myanmar are considerably higher as a result of this regulatory update.
Important Risk Consequences:
Even small infractions of compliance can have serious repercussions, such as:
Prohibition of involvement in any other company as an officer, director, or shareholder Possible AML/CFT investigations
When other ministries start proceedings, DICA takes a more severe enforcement action.
For Professionals in Advisory and Investment:
An unofficial English translation of this directive has been prepared to help investors and legal advisors navigate Myanmar's changing regulatory environment. The purpose of this resource is to give professionals who deal with entities based in Myanmar or are thinking about investing in the country up-to-date information.
Important Note: The only purpose of this translation is to provide information. All legal interpretations and applications will be governed by the original Myanmar language version of the directive, which will be the most authoritative in the event of any discrepancies.
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