Myanmar is drafting a national strategy on combating money laundering and terrorism financing, Xinhua reported.

"The aim and objectives of the strategy should be practical and attainable so that we can reduce the risks outlined in the national risk assessment," Maj-Gen Aung Thu, deputy minister of home affairs and head of the draft committee, said on Wednesday.

He said suggestions and advice from relevant departments and organizations will be added to the national strategy and will require actual implementation to follow.

The draft national strategy will be forwarded to the government for approval.