Crackdown down on financial scams in Myanmar

There has been a move from the Securities Exchange Commission of Myanmar (SECM) to crack down on illegal trading and financial scams carried out by unlisted companies in Myanmar.

The SECM appealed to the public in July 2017 to gather information on a specific company trading in Mawlamine. The company is called I Smart Co and has been reported as engaging in suspicious trading in Ayeyarwady. The company has also been linked to Saxon Capital Limited (SCL), which was shut down due to illegal trading.

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