AML,CFT, WMD DIRECTIVES AND UNSCR SANCTION LIST
UNSCR
Along with the founding of the United Nations, the UN Security Council was established in 1945. The Security Council is the organization’s most powerful body responsible for maintaining international peace and security. It can issue sanctions and even authorize military force. The five permanent members are the People’s Republic of China, France, the Russian Federation, the United Kingdom, and the United States (known as the P5). In addition to their permanent status, each P5 nation has the power to veto any resolution with which it disagrees. Ten other UN members, each elected for a rotating two-year term and without veto power, round out the Security Council.
A United Nations Security Council resolution is a UN resolution adopted by the fifteen members of the Security Council; the UN body charged with “primary responsibility for the maintenance of international peace and security”. The UN Charter specifies that a draft resolution on non-procedural matters is adopted if nine or more of the fifteen Council members vote for the resolution, and if it is not vetoed by any of the five permanent members. Draft resolutions on “procedural matters” can be adopted on the basis of an affirmative vote by any of the nine Council members. Myanmar has been a member of the United Nations since April 19,1948. Myanmar is compliance with International Standards and United Nations Rules varies across different areas such as Financial Action Task Force (FATF), UN Human Rights Responsibilities and UN General Assembly Vote.
UNSCR Sanction List Link
United Nations Security Council Resolution No.1267
United Nations Security Council Resolution No.1718
AML/CFT Training Program
AML/CFT Knowledge Enhancement Training
The Legal and Compliance Department of KBZMS General Insurance Co., Ltd. has been actively implementing and complying with the Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) directives issued by the Insurance Business Regulatory Board, as well as the National Strategy on Anti-Money Laundering and Counter Financing of Terrorism (2024–2028).
In line with these commitments, an AML/CFT Knowledge Enhancement Training was organized for insurance agents and business partners who are engaged with the Company. The training was conducted on 24 March 2026 at the KBZMS General Insurance Co., Ltd. Head Office and was delivered by Police Lieutenant Colonel U Ko Ko Lay from the Myanmar Financial Intelligence Unit (FIU).
The training commenced at 10:00 a.m. with opening remarks delivered by U Sai Lu Mon Aung, CEO of KBZMS General Insurance Co., Ltd. In his address, the CEO expressed his appreciation for the successful organization of the AML/CFT Knowledge Enhancement Training and emphasized that, as a reporting organization, the Company places great importance on complying with AML/CFT-related laws, rules, regulations, and directives. He further highlighted that insurance agents, business partners, department heads, and staff members should all possess a clear understanding of AML/CFT matters and work collaboratively with the Company to ensure effective compliance.
Following the opening remarks, Police Lieutenant Colonel U Ko Ko Lay from the Myanmar Financial Intelligence Unit delivered an introductory speech and conducted detailed discussions on AML/CFT laws and regulatory provisions, the responsibilities of supervisory authorities and reporting organizations, as well as the duties and authorities of the Financial Intelligence Unit. He also elaborated on the compliance requirements set by the Financial Action Task Force (FATF) for Myanmar and outlined the areas in which Myanmar must continue to strengthen and improve its compliance efforts progressively. In addition, he encouraged insurance agents to actively cooperate and contribute toward AML/CFT compliance initiatives.
During the session, participating insurance agents actively engaged in discussions and raised questions on matters of interest. A total of 100 participants, including insurance agents, business partners, department heads, and staff members associated with the Company, attended the training.
AML/CFT Awareness Training
The Legal & Compliance Team of KBZMS General Insurance Co., Ltd. successfully delivered the AML/CFT Awareness Training on 10 December 2025.
The training was conducted at the KBZMS Mawlamyaing Branch, enhancing the awareness and understanding of Agents, Partners, and staff on AML/CFT-related regulatory compliance, risk management, and due diligence procedures.
Special thanks to the Mawlamyaing Branch team for organizing the AML/CFT Awareness Training.
We would also like to thank all participants from KBZ Bank, MoB, CHID bank partners, as well as Agents, Partners, and staff, for their active engagement and cooperation.
KBZMS General Insurance Co., Ltd. will continue to strengthen its compliance culture in alignment with AML/CFT best practices.
Customer Due Diligence (CDD) Awareness & Procedure Training
The Legal & Compliance Team of KBZMS General Insurance Co., Ltd. successfully conducted the Customer Due Diligence (CDD) Awareness & Procedure Training on 11 December 2025.
The training was held at the KBZMS Mawlamyaing Branch and aimed to enhance the awareness and understanding of internal staff on Know Your Customers-KYC, Customer Due Diligence-CDD, Enhanced Due Diligence-EDD, and Politically Exposed Person- PEP, related regulatory compliance, risk management, and due diligence procedures.
The Company extends its sincere appreciation to all staff from the Mawlamyaing Branch for their active participation and cooperation.
KBZMS General Insurance Co., Ltd. remains committed to strengthening its compliance culture in alignment with KYC, CDD, EDD, and PEP best practices.
