Burma's government says it is investigating two banks after the U.S. Treasury Department accused the banks of money laundering.
Burma's Finance Minister Hla Tun said the government is investigating the Mayflower Bank and the Asia Wealth Bank. He said the banks will be allowed to keep operating during the investigation.
Under Burmese law, the banks could have their assets seized if found guilty of money laundering.
The United States said last month that the two banks have ties to drug traffickers and said it would prohibit U.S. financial institutions from doing business with them.
At the time, Burma denounced the U.S. action, saying the United States hampered Burma's development by its "constantly negative attitude, irresponsible actions, and unrealistic expectations."
Information for this report is provided by AP and Reuters.