Myanmar May Flower Bank

Myanmar May Flower Bank was a bank of Myanmar. Founded in 1994 by Kyaw Myint, it was formerly the third largest bank in the country with ten branches.[1] It has, like Banco Delta Asia, been designated as a "primary money laundering concern" by the United States Treasury and thus is subject to very strict regulations in its dealings with American banks.[2] The bank's license was revoked by government authorities in March 2005 following a money laundering investigation.[3][4]

Myanmar May Flower Bank
IndustryBanking
FateDissolved
Founded1994 (1994)
FounderKyaw Myint
Defunct2005 (2005)
Headquarters
Yangon
,
Myanmar

References
  1. "Burmese Tycoons Part II". The Irrawaddy. July 2000. Archived from the original on September 20, 2010. Retrieved August 9, 2009.
  2. "Archived copy". Archived from the original on 2013-10-04. Retrieved 2013-10-07.CS1 maint: archived copy as title (link)
  3. "Myanmar private bank owner charged under money laundering laws". Xinhua. 2 April 2007. Retrieved 2 July 2015.
  4. "Myanmar government closes suspect banks". Taipei Times. 3 April 2005. Retrieved 2 July 2015.


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