Myanmar: Myanmar Govt Faces Setbacks in Enforcing Compliance with EITI Database

Mar 3, 2020 | John Liu and Thompson Chau, Myanmar Times
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Myanmar’s Extractive Industries Transparency Initiative (EITI) unit, a government body under the finance ministry, held a press conference on February 28 to address criticisms over those measures. According to a report released by natural resources expert Charlotte Boyer on the same day, out of a total of 163 extractive companies, 121 submitted information about their beneficial owners, but 31 of those had major flaws or disclosed insufficient information. The “significant gaps” in their submissions undermined the credibility of the data or showed a weak understanding of the beneficial ownership requirements, the report said.