Anti-money laundering Central Team Joint Secretary Police. Brig. Gen. Kyaw Win Thein said his team was closely watching and monitoring money laundering and terror funding in the country in order to prevent potential terror attacks.

He added that amongst over 100 money laundering cases that his team had looked into, there were four terror funding cases.

Pol. Brig. Gen. Kyaw Win Thein said one of the keys to exposing potential terrorist threats was investigation of terrorist funding.

He said these words to the media in reply to their questions after the National Level Workshop for Money Laundering and Terror Funding held at the Hilton Hotel in Naypyitaw on June 28.

The official added that they had been closely monitoring and watching terror funding in Rakhine State for over three years, as the government feared terrorist attacks in the state.

Pol. Brig. Gen. Kyaw Win Thein also said that concerned organizations needed to work in synergy to try to check illegal drug trafficking in Rakhne State.

“Especially we have reporting system in branch levels of the banks because we are overviewing the overall situation on cash flow of this drug money. In this way we know all transactions of drug money through banks and we can check increase and decrease of this drug money month by month. We know all these things,” he said.

“All these things are related and connected with State Security and also all these things are related with money laundering and terror funding. So we are closely and consistently watching and monitoring these drug money cash flows and transactions and also we have plans to do this work,” he added.

In terms of money laundering, illegal trading of natural resources such as jade and forest products ranks first and tax evasion and corruption rank second and third respectively.

Anti-money laundering Central Team Joint Secretary Police. Brig. Gen. Kyaw Win Thein.