Myanmar May Flower Bank

The Myanmar May Flower Bank is a bank of Burma. Founded in 1994 by U Kyaw Myint, it is the third largest bank in the country with ten branches.^[1]It was the first bank in Burma to have 24-hour automatic teller machines also was the first to introduce computer networks for transactions back in November 1995.^[1] In 1998, U Aik Hok and U Win Naing bought a large number of shares in May Flower Bank from U Kyaw Win, and since then the bank’s activities have declined a little.^[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]

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