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AP National Business

Myanmar downplays blacklisting by money laundering watchdog

BANGKOK (AP) — Myanmar’s central bank has promised improvements and warned against currency manipulation after an international watchdog put the military-controlled country on a terrorism and financial crimes blacklist. The Financial Action Task Force recommended that Myanmar be put on the list of countries requiring stronger due diligence. It cites deficiencies in Myanmar’s enforcement of

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Australia flags new corporate penalties for privacy breaches

By ROD McGUIRK Associated Press CANBERRA, Australia (AP) — Australia has proposed tougher penalties for companies that fail to protect customers’ personal data after two major cybersecurity breaches left millions vulnerable to criminals. Attorney-General Mark Dreyfus said Saturday the penalties for serious breaches of the Privacy Act would increase from 2.2 million Australian dollars ($1.4

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