Myanmar

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1 EU
2 UK
3 Norway
4 Swiss
5 Australia
6 Canada
7 US
8 FATF Warning List

EU

May 14, 2012 – EU sanctions suspended – The Council today adopted a regulation that, together with a Council decision adopted on 26 April, will give full legal effect to the suspension of EU sanctions against Burma/Myanmar. The suspension had been agreed at the Foreign Affairs Council on 23 April. Regulation 409/2012 of May 14, 2012 (published May 15) in which it is announced that the restrictive measures are suspended until 30 April 2013, with the exception of the arms embargo and the embargo on equipment which might be used for internal repression which should be retained.

EU Press Release

May 02, 2012 – Burma/Myanmar (Lifting of financial sanctions) Council Regulation (EU) No 401/2013of 2 May 2013 concerning restrictive measures in respect of Myanmar/Burma and repealing Regulation (EC) No 194/2008

April 23, 2012 – (Reuters) – The European Union agreed on Monday April 23, 2012 to suspend most of its sanctions (arms not included) against Myanmar for a year despite a dispute over a parliamentary oath between the army-backed ruling party and pro-democracy leader Aung San Suu Kyi. (Source: reuters)

February 17, 2012 – Council eases restrictive measures on Burma/Myanmar – Given the remarkable programme of political reform undertaken by Burma/Myanmar, the Council today lifted certain restrictive measures against that country. This marks a first step in the EU’s response to developments in Burma/Myanmar. The Council suspended admission restrictions concerning 87 persons, comprised of the president, the vice presidents, cabinet members and the speakers of the two houses of parliament and their family members. Those individuals remain subject to a freeze of their assets within the EU. EU Press Release

January 23, 2012 – EU Council conclusions on Burma/Myanmar – booked progress EU Press Release

December 21, 2011 – EU Implementing Regulation (EU) No 1345/2011 – (Investment ban – Annex V to Council Regulation (EC) No 194/2008) – This notification is issued in respect of the restrictive measures directed by the European Union against Burma/Myanmar. Investment Ban Targets

Amendment Entity

MAYAR INDIA LTD (YANGON BRANCH) – (f.k.a.) MAYAR (H.K.) LTD. – Address: 37, Rm (703/4), Level (7), Alanpya Pagoda Rd, La Pyayt Wun Plaza, Dagon, Yangon, – Burma/Myanmar – Other Information: Timber Exporters.

September 14, 2011 – Commission Implementing Regulation (EU) No 891/2011 of 1 September 2011 amending Council Regulation (EC) No 194/2008 renewing and strengthening the restrictive measures in respect of Burma/Myanmar.

ASSET FREEZE TARGETS – The replacement text in Annex II to Commission Implementing Regulation (EU) No 891/2011 provides the authoritative list of targets in Annex VI to Council Regulation (EC) No 194/2008. The information provided in this Annex is for general reference purposes only and reflects the significant changes made. Whilst every effort has been made to ensure that this Annex is accurate, the Treasury does not warrant, nor does it accept any responsibility or liability for, the accuracy or completeness of the content or for any loss which may arise from reliance on information contained. EU 891/2011

April 28, 2011 (CFSP) – Declaration by the High Representative on behalf of the European Union on the alignment of certain third countries with the Council Decision 2011/239/CFSP amending Decision 2010/232/CFSP renewing restrictive measures against Burma/Myanmar: EU Press Release

Council conclusions on Burma/Myanmar 3082nd FOREIGN AFFAIRS Council meeting Luxembourg, 12 April 2011

In current circumstances, the EU deems it necessary to renew the restrictive measures for a period of twelve months. In doing so, however, the EU reiterates its willingness to encourage and respond to improvements in governance and progress, in the hope that a greater civilian character of the Government will help in developing much needed new policies. The application of the visa ban and asset freeze will be suspended for certain civilian members of the Government, including the Foreign Minister as an essential interlocutor, for a period of one year, subject to continued review. The ban on high level visits to the country will also be lifted, anticipating access to senior levels of the Government, and to key opposition figures. The EU will assess the new Government by its deeds, and will review the set of restrictive measures accordingly. EU Press Release

COUNCIL COMMON POSITION 2009/351/CFSP of 27 April 2009 renewing restrictive measures against Burma/Myanmar

COMMISSION REGULATION (EC) No 353/2009 of 28 April 2009 amending Council Regulation (EC) No 194/2008 renewing and strengthening the restrictive measures in respect of Myanmar

Renewing and strengthening the restrictive measures in respect of Burma / Myanmar. Adding more names to the restricted list.

Council Regulation (EC) No 94/2008 of 25 February 2008 (‘the Regulation’) renews and broadened.

Imposing:
- Ban on imports of certain goods
- Embargo on arms and related material
- Ban on exports of equipment for internal repression
- Restrictions on exports of equipment used in industries targeted by the import ban
- Ban on provision of certain services
- Freezing of funds and economic resources (people & companies)
- Restrictions on admission
- Ban on certain investment
- Suspension of certain aid and development programs
- Suspension of high level bilateral governmental visits reduction of diplomatic relations
- Ban on certain imports,
- Restrictions on exports of equipment used in industries targeted by the import ban
- Ban on provision of certain services (including related financing and financial assistance, with specific list of companies)
- Ban on certain imports (round logs, timber, timber products, coal, certain metals and precious and semi-precious stones)

Commission Regulation (EC) No 481/2007 in the Official Journal of the European Union, (O.J. L111, 28.4.2007, p.50) on 28 April 2007, the Commission of the European Communities has amended the list in Annex III of Council Regulation (EC) No 817/2006 of those subject to the financial sanctions.

COUNCIL COMMON POSITION 2006/318/CFSP of 27 April 2006 renewing restrictive measures against Burma/Myanmar

COUNCIL REGULATION (EC) No 817/2006 of 29 May 2006 renewing the restrictive measures in respect of Burma / Myanmar and repealing Regulation (EC) No 798/2004

All Common position extend and / or reaffirms the measures that had already been adopted in 1990 and confirmed in a Declaration by the General Affairs Council on 29 July 1991 EU Arms Sanctions

General information EU Sanctions on Myanmar.

UK

May 08, 2012 – Burma/Myanmar (Lifting of financial sanctions) Council Regulation (EU) No 401/2013of 2 May 2013 concerning restrictive measures in respect of Myanmar/Burma and repealing Regulation (EC) No 194/2008

UK-EU Sanction

May 16, 2012 – UK Implementing Regulation (EU) No 409/2012 of May 14, 2012 – Suspension of the Asset Freeze and Investment Ban and delisting of certain individuals subject to the asset freeze. UK-EU 409/2012

December 21, 2011 – UK Implementing Regulation (EU) No 1345/2011 – (Investment ban – Annex V to Council Regulation (EC) No 194/2008) – This notification is issued in respect of the restrictive measures directed by the European Union against Burma/Myanmar. UK-EU 1345/2011 Investment Ban Targets

Amendment Entity

MAYAR INDIA LTD (YANGON BRANCH) – (f.k.a.) MAYAR (H.K.) LTD. – Address: 37, Rm (703/4), Level (7), Alanpya Pagoda Rd, La Pyayt Wun Plaza, Dagon, Yangon, – Burma/Myanmar – Other Information: Timber Exporters.

September 14, 2011 – UK Implementing Regulation (EU) No 891/2011 of 1 September 2011 amending Council Regulation (EC) No 194/2008 renewing and strengthening the restrictive measures in respect of Burma/Myanmar

The European Union adopted Council Regulation (EC) No 1081/2000 on 22 May 2000. The Regulation provided, among other matters, for a freeze on the assets of certain persons related to important governmental functions in Burma/Myanmar, and their families. Council Common Position 96/635/CFSP had previously adopted the position that listed persons should be subject to a visa ban.

The European Union has since extended the scope of the visa ban and assets freeze to target more persons linked to economic or political activities of the State Peace and Development Council.

Council Regulation (EC) No 1853/2004 of 25 October 2004 strengthened the measures by introducing a ban on the financing of certain Burmese state-owned enterprises. Council Regulation (EC) No 194/2008, inter alia, broadened the scope of the investment ban to apply to enterprises in certain extractive industries.

UK Sanctions

Norway

Brussels, 28 April 2011 – Declaration by the High Representative on behalf of the European Union on the alignment of certain third countries with the Council Decision 2011/239/CFSP amending Decision 2010/232/CFSP renewing restrictive measures against Burma/Myanmar – More information on the EU Third Countries alignment page.

March 19, 2007 – Reply to a written question from Børge Brende (Conservative Party) concerning the human rights situation in Burma

Question: According to various sources, the US is seeking to secure a week-long special session of the UN Human Rights Council on Burma and the military junta’s serious human rights violations. The initiative may result in a resolution establishing an investigative commission. It is important that the initiative is supported by a broad group of countries that give high priority to human rights. Will the Minister of Foreign Affairs ensure that Norway supports the initiative for a special session leading to a resolution that establishes a commission to investigate serious human rights violations?

Reply by the Minister of Foreign Affairs: The situation in Burma is serious, from both a human rights and a humanitarian perspective. (See my replies to your written questions numbered 244 and 622 (2006-2007).) The Government will continue to state clearly its views on the regime’s violations of human rights and abuse of power. Norway has repeatedly expressed its concern about the situation in the country, and has protested when opposition members and the civilian population are attacked. We have on several occasions demanded the immediate release of Aung San Suu Kyi and all political prisoners, and we will continue to give strong support to the opposition in Burma. Norway aligns itself with the EU’s common position on restrictive measures against Burma, and the Government encourages Norwegian nationals and trade organisations not to trade with, invest in or travel to Burma. We are maintaining a close dialogue with the other Nordic countries, the EU and countries in Asia in an effort to ensure a more coordinated, firmer approach to the Burma issue.

The US sees Norway as a strong supporter of the UN Human Rights Council having a clear focus on Burma’s human rights situation. The US, Norway and other like-minded countries are cooperating closely as regards the possibility of holding a special session on Burma’s human rights situation.

At the moment, there is agreement that no formal proposal should be made for a special session on the situation in Burma, and that, at present, it will be best to deal with this issue during the next ordinary session of the UN Human Rights Council (19 to 30 March 2007). Norwegian Press Release

Swiss

May 09, 2012 – Der Bundesrat hat am 9. Mai 2012 die Aufhebung der Sanktionen gegenüber Myanmar (Burma) beschlossen, mit Ausnahme des Rüstungs- und Repressionsgüterembargos. Damit konkretisiert er seine früheren Entscheide zur Sanktionslockerung. Der Bundesrat reagiert mit diesen Beschlüssen auf die in den letzten Monaten verzeichneten Fortschritte in den Bereichen Menschenrechte und Demokratisierung in diesem südostasiatischen Land.

Swiss Sanctions

April 03, 2012 – Massnahmen gegenüber Myanmar (vormals Burma)

Der Bundesrat hat am 02.10.2000 per Verordnung Zwangsmassnahmen gegenüber Myanmar beschlossen. Die Verordnung über Massnahmen gegenüber Myanmar wurde in Anbetracht der Menschenrechtsverletzungen in diesem Land erlassen. Am 28.06.2006 hat der Bundesrat die Verordnung einer Totalrevision unterzogen. Entsprechende Sanktionen sind zuvor auch in der Europäischen Union in Kraft getreten.

Die Verordnung über Massnahmen gegenüber Myanmar sieht die folgenden Massnahmen vor:

Verbot der Lieferung, des Verkaufs und der Durchfuhr von Rüstungs- und Repressionsgütern nach Myanmar; Dienstleistungsverbot im Zusammenhang mit diesen Gütern und mit militärischen Aktivitäten in Myanmar (Art. 1)
Einfuhr- und Erwerbsverbot für Holz, Kohle, Metalle, Edel- und Schmucksteine nach Anhang 4 aus Myanmar (Art. 1a)
Verbot, die in Anhang 5 aufgeführten Güter nach Myanmar zu verkaufen, zu liefern, weiterzugeben oder auszuführen; Dienstleistungsverbote im Zusammenhang mit diesen Gütern; das SECO bewilligt Ausnahmen, falls die Güter nach Anhang 5 nicht für die Gewinnung oder Verarbeitung von Holz, Kohle, Metallen, Edel- und Schmucksteinen in Myanmar bestimmt sind (Art. 1b)
Sperrung der Gelder und wirtschaftlichen Ressourcen der Personen nach Anhang 2 der Verordnung; Verbot, den in Anhang 2 aufgeführten Personen Gelder zu überweisen oder Gelder und wirtschaftliche Ressourcen sonst wie zur Verfügung zu stellen (Art. 2)
Verbot, bestimmten burmesischen Unternehmen Kredite zu gewähren, Beteiligungen an diesen Unternehmen zu erwerben und mit diesen Unternehmen Jointventures einzugehen (Art. 4)
Verbot der Erfüllung burmesischer Forderungen aus Verträgen, die aufgrund der Sanktionen nicht mehr ausgeführt werden dürfen (Art. 4a)
Verbot der Einreise in die Schweiz und der Durchreise durch die Schweiz für die Personen nach Anhang 2 (Art. 5)

Personen und Institutionen, die Gelder halten oder verwalten oder Kenntnisse über wirtschaftliche Ressourcen haben, von denen anzunehmen ist, dass sie von der Sperrung betroffen sind, müssen dies dem Staatssekretariat für Wirtschaft (SECO) unverzüglich melden.

Swiss Sanctions – Apr 03, 2012

December 07, 2011 – Natürliche Personen, Unternehmen und Organisationen, gegen die sich die Massnahmen nach den Artikeln 2, 4a und 5 richten

Diese Änderung tritt am 8. Dezember 2011 in Kraft – Verordnung über Massnahmen gegenüber Myanmar

Swiss Sanctions – Dec 07, 2011

29.11.2010 – Verordnung über Massnahmen gegenüber Myanmar, Änderung

Natürliche Personen, Unternehmen und Organisationen, gegen die sich die Massnahmen nach den Artikeln 2, 4a und 5 richten

Swiss Sanctions

Massnahmen gegenüber Myanmar (vormals Burma)

Der Bundesrat hat am 02.10.2000 per Verordnung Zwangsmassnahmen gegenüber Myanmar beschlossen. Die Verordnung über Massnahmen gegenüber Myanmar wurde in Anbetracht der Menschenrechtsverletzungen in diesem Land erlassen. Am 28.06.2006 hat der Bundesrat die Verordnung einer Totalrevision unterzogen. Entsprechende Sanktionen sind zuvor auch in der Europäischen Union in Kraft getreten.

Swiss Sanctions

Australia

March 18, 2013 – (Reuters) – Australia will ease restrictions on military engagement with Myanmar following democratic reforms since the country’s ruling generals relinquished their half-century grip on power in 2011, Prime Minister Julia Gillard said on Monday. Reuters News Itm

January 09, 2012 – Australia Cuts Myanmar Sanctions List – SYDNEY—Australia will remove some individuals from its Myanmar sanctions target list, a move that Foreign Minister Kevin Rudd said on Monday reflects progress towards democracy in the Southeast Asian nation.

Canberra currently applies targeted financial sanctions and travel restrictions on nominated individuals in Myanmar. Tourism officials, former government ministers and deputy ministers who have left politics will now be removed from the list.

An existing arms embargo will remain in place, Mr. Rudd said.

(Source: Wall Street Journal)

From 24 October 2007, Australia has implemented targeted autonomous sanctions against members of the Burmese regime and their associates and supporters. Sanctions currently cover:

Targeted financial sanctions (implemented by the Reserve Bank of Australia)
Restrictions on financial transactions involving members of the Burmese regime and their associates and supporters.
Restrictions on visas to travel to Australia by members of the Burmese regime and their associates and supporters.
Arms embargo

Australia Sanctions

Canada

April 24, 2012 – Canada Suspends Sanctions Against Burma, Helps the Country Build a Brighter Future

April 24, 2012 – Foreign Affairs Minister John Baird today announced that Canada will suspend some sanctions against Burma, which were among the toughest in the world.

“Canada is encouraged by the changes that have taken place in Burma, especially in the last year,” Baird said. “Today’s move signals our support for the reforms championed by the country’s president and demanded by the Burmese people. President Thein Sein and my Burmese foreign minister counterpart and others in power are to be congratulated for staying true to their word; we also applaud democracy champions like the incredible Aung San Suu Kyi for their commitment and involvement in this process.”

“There is more work to be done, but Canada stands ready to support Burma in building a free and prosperous society. The easing of these sanctions will help Burma move in that direction and create jobs, hope and opportunity for the Burmese people.”

Canada has been closely monitoring developments in Burma over the last year, many of which Baird saw evidence of first-hand during his visit to the country in March this year.

Canada welcomed Burma’s release of political prisoners in October 2011 and January 2012. Canada was further encouraged by Burma’s ceasefires forged with some ethnic minorities and the smooth conduct of the April 1 by-elections.

Canada urges those in power to go even further and continue to improve conditions for human rights and democratic development. This would include, among other things, the release of all remaining political prisoners and the halting of all conflict in ethnic-minority areas.

Baird added: “We encourage the authorities to continue their reforms in order to ensure greater openness and freedom for the Burmese people.”

Canada is ready to support Burma’s democratic reform efforts and looks forward to working with the Burmese people as they seek to build a more democratic and peaceful society.

Canada will continue to monitor developments in Burma and will make further changes to its policies as warranted. Canada hopes that these changes will continue to be positive. However, should the situation in Burma deteriorate, Canada stands ready to impose sanctions again.

Canada Sanctions

July 23, 2011 – Canada opens relations with Burma, sanctions continue – TORONTO — Canada has begun a strategic engagement with Myanmar that includes an exchange of ambassadors, but Ottawa has no plans to lift the economic sanctions imposed against the country anytime soon, Foreign Affairs Minister John Baird said Saturday.

Baird, speaking from Bali, Indonesia, where he attended a regional security forum this week, said the “limited engagement” was focused exclusively on human rights. He said he raised the issue during a meeting with Myanmar’s foreign minister in Bali and that he had urged the government to release thousands of political prisoners from jail. Canada imposed economic sanctions against Myanmar, also known as Burma, in 2007 because of its complete disregard for human rights.

Myanmar held elections late last year, officially handing power to a civilian administration after a half-century of military rule. Pro-democracy leader Aung San Suu Kyi was released from house arrest. But many see the changes as cosmetic and believe the army will continue to hold sway. “I underlined the significance concern that the government of Canada and Canadians have with Aung San Suu Kyi’s ability to be mobile in the country and highlighted the ongoing concerns about her safety and her security,” Baird said.

Source: CTV – July 23, 2011

On December 13, 2007, the Special Economic Measures (Burma) Regulations (SOR/2007-285) came into force in order to respond to the gravity of the situation in Burma. The abhorrent human rights and humanitarian situation in Burma is particularly dangerous as the government’s actions not only oppress its own people, but also bring substantial transnational destabilizing effects which threaten peace and security in the entire region and undermine freedom, democracy, human rights and the rule of law.

Subject to certain exceptions, the measures implemented by the Regulations include:

a ban on all goods exported from Canada to Burma, excepting only the export of humanitarian goods;
a ban on all goods imported from Burma into Canada;
a freeze on assets in Canada of any designated Burmese nationals connected with the Burmese State;
a ban on new investment in Burma by Canadian persons and companies;
a prohibition on the provision of Canadian financial services to and from Burma;
a prohibition on the export of any technical data to Burma;
a prohibition on Canadian-registered ships or aircraft from docking or landing in Burma;
a prohibition on Burmese-registered ships or aircraft from docking or landing in Canada and passing through Canada.

Canada also has certain policy measures in place with regard to Burma. More information on these measures can be found at the following link: Canada’s Policy on Burma.

Under the Regulations, the Governor in Council may approve and list on a schedule to the Regulations the names of persons for whom there are reasonable grounds to believe that they are connected with the Burmese State. The Regulations provide a review mechanism to remove names from the schedule upon receipt of an application from a designated person. Follow this link for an administrative list of designated persons subject to the assets freeze pursuant to section 5 of the Regulations.

The Special Economic Measures (Burma) Permit Authorization Order (SOR/2007-286), made pursuant to subsection 4(4) of the Special Economic Measures Act authorizes the Minister of Foreign Affairs to issue to any person in Canada or any Canadian outside Canada a permit to carry out a specified activity or transaction, or any class of activity or transaction, that is restricted or prohibited pursuant to the Regulations.

For information on how Canadians can help in providing assistance in response to Cyclone Nargis in Burma, see humanitarian exemptions and cylone relief.

For more information follow the link Canada Sanctions

US

May 23, 2013 – Burma Responsible Investment Reporting Requirements

The Burma Responsible Investment Reporting Requirements have received final approval from the Office of Management and Budget and have taken effect. The first submissions in response to the Reporting Requirements, which apply to U.S. persons with aggregate new investment in Burma over $500,000, will be due July 1, 2013.

U.S. persons are required to report on a range of policies and procedures with respect to their investments in Burma, including human rights, labor rights, land rights, community consultations and stakeholder engagement, environmental stewardship, anti-corruption, arrangements with security service providers, risk and impact assessment and mitigation, payments to the government, any investments with the Myanma Oil and Gas Enterprise (MOGE), and contact with the military or non-state armed groups.

The Department of State will use the information collected as a basis to conduct informed consultations with U.S. businesses to encourage and assist them to develop robust policies and procedures to address a range of impacts resulting from their investments and operations in Burma. We also intend the public report to empower civil society to take an active role in monitoring investment in Burma and to work with companies to promote investments that will enhance broad-based development and reinforce political and economic reform.

The United States supports the Burmese Government’s ongoing reform efforts, and believes that the participation of U.S. businesses in Burma’s economy can be a model for responsible investment and business operations, encouraging further change, promoting inclusive economic development, and contributing to the welfare of the Burmese people.

More information can be found in Department of Treasury General License No. 17, which authorizes new investment in Burma, and in the reporting requirements.

US Department of State Press Release

May 02, 2013 – Termination of Presidential Proclamation 6925

The Secretary of State has determined that Presidential Proclamation 6925, also known as the 1996 Visa Ban, which suspended entry into the United States as immigrants or non-immigrants of “persons who formulate, implement, or benefit from policies that impede Burma’s transition to democracy, and the immediate family members of such persons,” is no longer necessary. This termination, effective immediately, is consistent with the Administration’s calibrated approach to strengthen and encourage further reform while holding Burma to its commitments on human rights and democratization.

The broad travel restriction was implemented in 1996, largely in response to the then-military regime’s poor human rights practices, including repression of the pro-democracy National League for Democracy (NLD) opposition political party. Since 2011, the civilian-led Government of Burma has taken important steps toward significant social, political, and economic reform that demonstrate substantial progress on areas of concern emphasized in the 1996 Proclamation. These reforms include legislative by-elections in 2012, in which the NLD contested and successfully secured seats in the Burmese Parliament.

Termination of Presidential Proclamation 6925 will facilitate increased engagement between the United States and Burma. The termination, however, does not automatically entitle persons, formerly excludable under its provisions, to visas for entry into the United States. Ineligibilities that apply under provisions of the Immigration and Naturalization Act (INA), the Tom Lantos Block Burmese JADE (Junta’s Anti-Democratic Efforts) Act of 2008, and Executive Order 13619 of July 11, 2012 remain in effect.

Department of State Press Release

April 04, 2012 – Recognizing and Supporting Burma’s Democratic Reforms

The United States is committed to taking steps alongside the Burmese Government and people as they move down the road of reform and development. In light of the by-election and the other progress of recent months, we are consulting actively with the Congress as well as our allies and friends in Europe and Asia on our response to these recent developments. We are prepared to take steps toward: first, seeking agrement for a fully accredited ambassador in Rangoon in the coming days, followed by a formal announcement of our nominee; second, establishing an in-country USAID mission and supporting a normal country program for the United Nations Development Program; third, enabling private organizations in the United States to pursue a broad range of nonprofit activities from democracy building to health and education; fourth, facilitating travel to the United States for select government officials and parliamentarians; and fifth, beginning the process of a targeted easing of our ban on the export of U.S. financial services and investment as part of a broader effort to help accelerate economic modernization and political reform. Sanctions and prohibitions will stay in place on individuals and institutions that remain on the wrong side of these historic reform efforts. US Press Release

OFAC

July 03, 2014 – Publication of Final Rule in the Federal Register, amending and reissuing in their entirety the Burmese Sanctions Regulations

Department of the Treasury’s Office of Foreign Assets Control (OFAC) published a final rule in the Federal Register, amending and reissuing in their entirety the Burmese Sanctions Regulations, 31 C.F.R. part 537 (the Regulations), to implement a series of Executive orders that the President has issued to modify the scope of and take additional steps with respect to the national emergency declared in Executive Order 13047 of May 22, 1997. To implement the blocking and other prohibitions in these Executive orders, OFAC is amending the Regulations to add and remove prohibitions, definitions, and interpretations. OFAC also is incorporating into the Regulations several general licenses that previously had been posted only on the Burma page of OFAC’s website, as well as removing certain general licenses and statements of licensing policy as no longer relevant.

Recent Actions

April 01, 2014 – Publication of Updated Frequently Asked Questions Regarding Burma Sanctions

Publication of Updated Frequently Asked Questions Regarding Burma Sanctions – The Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued updated FAQs regarding Burma sanctions.

OFAC Q&A

December 17, 2013 – Burma Designations

The following individual has been added to OFAC’s SDN List:

OO, Kyaw Nyunt; DOB 30 Jun 1959; Lieutenant Colonel; Staff Officer (Grade 1), D.D.I. (individual) [BURMA].

The following entities have been added to OFAC’s SDN List:

ASIA METAL COMPANY LIMITED, No. 106 Pan Pe Khaung Maung Khtet Road, Industrial Zone (4), Shwe Pyi Thar Township, Yangon, Burma; No. (40) Yangon-Mandalay Road, Kywe Sekan, Pyay Gyi Tagon Township, Mandalay, Burma; No. A/B (1-5), Paung Laung (24) Street, Ext., Ward (2), Nay Pyi Taw, Pyinmana, Burma; Website http://www.amcsteel.com; Email Address asiametal@myanmar.com.mm [BURMA].

EXCELLENCE MINERAL MANUFACTURING CO., LTD., Plot No. (142), U Ta Yuoat Gyi Street, Industrial Zone No. (4), Hlaing Thar Yar Township, Yangon, Burma [BURMA].

SOE MIN HTAIK CO. LTD. (a.k.a. SOE MIN HTIKE CO., LTD.; a.k.a. SOE MIN JTIAK CO. LTD.; a.k.a. SOE MING HTIKE), No. 4, 6A Kabaaye Pagoda Road, Mayangon Township, Yangon, Burma; No. 3, Kan Street, No. 10 Ward, Hlaing Township, Yangon, Burma [BURMA].

The following changes have been made to OFAC’s SDN List:

AUNG, Win (a.k.a. AUNG, Dagon Win; a.k.a. AUNG, U Win), c/o Dagon International Limited, Burma; c/o Dagon Timber Limited, Burma; DOB circa 1953; nationality Burma (individual) [BURMA] [JADE]. -to- AUNG, Win (a.k.a. AUNG, Dagon Win; a.k.a. AUNG, U Win); DOB 1953; nationality Burma (individual) [BURMA] (Linked To: DAGON INTERNATIONAL LIMITED; Linked To: DAGON TIMBER LIMITED).

DAGON INTERNATIONAL LIMITED (a.k.a. DAGON INTERNATIONAL; a.k.a. DAGON INTERNATIONAL CONSTRUCTION COMPANY), Dagon Centre, 6th Floor, 262-264 Pyay Road, Myayingone, Sanchaung Township, Yangon, Burma [BURMA] [JADE]. -to- DAGON INTERNATIONAL LIMITED (a.k.a. DAGON INTERNATIONAL; a.k.a. DAGON INTERNATIONAL CONSTRUCTION COMPANY), Dagon Centre, 6th Floor, 262-264 Pyay Road, Myayingone, Sanchaung Township, Yangon, Burma [BURMA].

ESPACE AVENIR EXECUTIVE SERVICED APARTMENT (a.k.a. ESPACE AVENIR), No. 523, Pyay Road, Kamaryut Township, Yangon, Burma [BURMA] [JADE]. -to- ESPACE AVENIR EXECUTIVE SERVICED APARTMENT (a.k.a. ESPACE AVENIR), No. 523, Pyay Road, Kamaryut Township, Yangon, Burma [BURMA].

G A ARDMORE PTE. LTD., 101 Cecil Street, 08-08 Tong Eng Building, Singapore 069533, Singapore; 3 Shenton Way, 10-01 Shenton House, Singapore 068805, Singapore [BURMA] [JADE]. -to- G A ARDMORE PTE. LTD., 101 Cecil Street, 08-08 Tong Eng Building, Singapore 069533, Singapore; 3 Shenton Way, 10-01 Shenton House, Singapore 068805, Singapore [BURMA].

G A CAPITAL PTE. LTD., 101 Cecil Street, 08-08 Tong Eng Building, Singapore 069533, Singapore [BURMA] [JADE]. -to- G A CAPITAL PTE. LTD., 101 Cecil Street, 08-08 Tong Eng Building, Singapore 069533, Singapore [BURMA].

G A FOODSTUFFS PTE. LTD., 101 Cecil Street, 08-08 Tong Eng Building, Singapore 069533, Singapore [BURMA] [JADE]. -to- G A FOODSTUFFS PTE. LTD., 101 Cecil Street, 08-08 Tong Eng Building, Singapore 069533, Singapore [BURMA].

G A LAND PTE. LTD., 1 Scotts Road, 21-07/08 Shaw House, Singapore 228208, Singapore [BURMA] [JADE]. -to- G A LAND PTE. LTD., 1 Scotts Road, 21-07/08 Shaw House, Singapore 228208, Singapore [BURMA].

G A RESORT PTE. LTD., 1 Scotts Road, 21-07 Shaw House, Singapore 228208, Singapore; 3 Shenton Way, 10-01 Shenton House, Singapore 068805, Singapore [BURMA] [JADE]. -to- G A RESORT PTE. LTD., 1 Scotts Road, 21-07 Shaw House, Singapore 228208, Singapore; 3 Shenton Way, 10-01 Shenton House, Singapore 068805, Singapore [BURMA].

G A SENTOSA PTE. LTD., 101 Cecil Street, 08-08 Tong Eng Building, Singapore 069533, Singapore [BURMA] [JADE]. -to- G A SENTOSA PTE. LTD., 101 Cecil Street, 08-08 Tong Eng Building, Singapore 069533, Singapore [BURMA].

G A TREASURE PTE. LTD., 3 Shenton Way, 10-01 Shenton House, Singapore 068805, Singapore [BURMA] [JADE]. -to- G A TREASURE PTE. LTD., 3 Shenton Way, 10-01 Shenton House, Singapore 068805, Singapore [BURMA].

G A WHITEHOUSE PTE. LTD., 3 Shenton Way, 10-01 Shenton House, Singapore 068805, Singapore [BURMA] [JADE]. -to- G A WHITEHOUSE PTE. LTD., 3 Shenton Way, 10-01 Shenton House, Singapore 068805, Singapore [BURMA].

GOLDEN AARON PTE. LTD. (a.k.a. CHINA FOCUS DEVELOPMENT; a.k.a. CHINA FOCUS DEVELOPMENT LIMITED; a.k.a. CHINA FOCUS DEVELOPMENT LTD.), 3 Shenton Way, 10-01, Shenton House, Singapore 068805, Singapore; 101 Cecil Street, 08-08 Tong Eng Building, Singapore 069533, Singapore; China; Unit 2612A, Kuntai International Center, No. 12 Chaowai Street, Chaoyang District, Beijing 100020, China [BURMA] [JADE]. -to- GOLDEN AARON PTE. LTD. (a.k.a. CHINA FOCUS DEVELOPMENT; a.k.a. CHINA FOCUS DEVELOPMENT LIMITED; a.k.a. CHINA FOCUS DEVELOPMENT LTD.), 3 Shenton Way, 10-01, Shenton House, Singapore 068805, Singapore; 101 Cecil Street, 08-08 Tong Eng Building, Singapore 069533, Singapore; China; Unit 2612A, Kuntai International Center, No. 12 Chaowai Street, Chaoyang District, Beijing 100020, China [BURMA].

MAX (MYANMAR) CONSTRUCTION CO., LTD, 1 Ywama Curve, Bayint Naung Road, Ward (2), Hlaing Township, Yangon, Burma [BURMA] [JADE]. -to- MAX (MYANMAR) CONSTRUCTION CO., LTD, 1 Ywama Curve, Bayint Naung Road, Ward (2), Hlaing Township, Yangon, Burma [BURMA].

MAX MYANMAR GEMS AND JEWELLERY CO., LTD., 1 Ywama Curve, Bayint Naung Road, Ward (2), Hlaing Township, Yangon, Burma [BURMA] [JADE]. -to- MAX MYANMAR GEMS AND JEWELLERY CO., LTD., 1 Ywama Curve, Bayint Naung Road, Ward (2), Hlaing Township, Yangon, Burma [BURMA].

MAX MYANMAR GROUP OF COMPANIES (a.k.a. MAX MYANMAR; a.k.a. MAX MYANMAR CO.; a.k.a. MAX MYANMAR COMPANY LIMITED; a.k.a. MAX MYANMAR GROUP), No. 1 Ywama Curve, Ba Yint Naung Road, Ward (2), Hlaing Township, Yangon, Burma [BURMA] [JADE]. -to- MAX MYANMAR GROUP OF COMPANIES (a.k.a. MAX MYANMAR; a.k.a. MAX MYANMAR CO.; a.k.a. MAX MYANMAR COMPANY LIMITED; a.k.a. MAX MYANMAR GROUP), No. 1 Ywama Curve, Ba Yint Naung Road, Ward (2), Hlaing Township, Yangon, Burma [BURMA].

MAX MYANMAR MANUFACTURING CO., LTD., 1 Ywama Curve, Bayint Naung Road, Ward (2), Hlaing Township, Yangon, Burma [BURMA] [JADE]. -to- MAX MYANMAR MANUFACTURING CO., LTD., 1 Ywama Curve, Bayint Naung Road, Ward (2), Hlaing Township, Yangon, Burma [BURMA].

MAX MYANMAR SERVICES CO., LTD., 1 Ywama Curve, Bayint Naung Road, Ward (2), Hlaing Township, Yangon, Burma [BURMA] [JADE]. -to- MAX MYANMAR SERVICES CO., LTD., 1 Ywama Curve, Bayint Naung Road, Ward (2), Hlaing Township, Yangon, Burma [BURMA].

MAX MYANMAR TRADING CO., LTD., 1 Ywama Curve, Bayint Naung Road, Ward (2), Hlaing Township, Yangon, Burma [BURMA] [JADE]. -to- MAX MYANMAR TRADING CO., LTD., 1 Ywama Curve, Bayint Naung Road, Ward (2), Hlaing Township, Yangon, Burma [BURMA].

MAX SINGAPORE INTERNATIONAL PTE. LTD., 3 Shenton Way, #24-02, Shenton House 068805, Singapore [BURMA] [JADE]. -to- MAX SINGAPORE INTERNATIONAL PTE. LTD., 3 Shenton Way, #24-02, Shenton House 068805, Singapore [BURMA].

ROYAL KUMUDRA HOTEL, No. 9 Hotel Zone, Nay Pyi Taw, Burma; No. 1 Ywama Curve, Ba Yint Naung Road, Block (2), Hlaing Township, Rangoon, Burma [BURMA] [JADE]. -to- ROYAL KUMUDRA HOTEL, No. 9 Hotel Zone, Nay Pyi Taw, Burma; No. 1 Ywama Curve, Ba Yint Naung Road, Block (2), Hlaing Township, Rangoon, Burma [BURMA].

SENTOSA TREASURE PTE. LTD., 3 Shenton Way, 10-01 Shenton House, Singapore 068805, Singapore [BURMA] [JADE]. -to- SENTOSA TREASURE PTE. LTD., 3 Shenton Way, 10-01 Shenton House, Singapore 068805, Singapore [BURMA].

ZAW, Zaw (a.k.a. ZAW, U Zaw), c/o Hotel Max, Burma; c/o Max Myanmar Group of Companies, Burma; c/o Max Singapore International Pte. Ltd., Burma; DOB 22 Oct 1966; nationality Burma; citizen Burma; Passport 828461 (Burma) issued 18 May 2006 expires 17 May 2009 (individual) [BURMA] [JADE]. -to- ZAW, Zaw (a.k.a. ZAW, U Zaw); DOB 22 Oct 1966; nationality Burma; citizen Burma; Passport 828461 (Burma) issued 18 May 2006 expires 17 May 2009 (individual) [BURMA] (Linked To: HOTEL MAX; Linked To: MAX MYANMAR GROUP OF COMPANIES; Linked To: MAX SINGAPORE INTERNATIONAL PTE. LTD.).

OFAC Recent Actions

August 07, 2013 – Issuance of New Burma Executive Order

Today, in light of the July 28 expiration of the Burmese Freedom and Democracy Act’s (BFDA) ban on imports from Burma, the President issued an Executive Order that repeals the provisions of Executive Order 13310 that implemented the broad BFDA import ban on products of Burma.

President Obama fully supported the expiration of the broader ban on imports from Burma and is taking this step to advance our policy of promoting responsible economic engagement and encouraging reform that directly benefits the Burmese people. The removal of the broad ban on imports of articles other than jadeite and rubies, and articles of jewelry containing them, represents the next step in the Administration’s continued efforts to promote responsible trade and investment in support of Burma’s reform process. However, due to continuing concerns, including with respect to labor and human rights in specific sectors, this Executive Order reinstates the prohibitions and restrictions on the importation into the United States of jadeite and rubies mined or extracted from Burma, and on articles of jewelry containing them, that was originally imposed by the Tom Lantos Block Burmese JADE (Junta’s Anti-Democratic Efforts) Act of 2008, which amended the BFDA. The Administration is maintaining restrictions on specific activities and actors that contribute to human rights abuses or undermine Burma’s democratic reform process.

Today’s announcement continues to broaden American engagement in Burma, including increased opportunities for trade and investment, development assistance to strengthen the capacity of the government and people to promote growth and opportunity, and principled support for political reform and national reconciliation. Americans will continue to stand with the government and people of Burma as they continue their democratic transition, and work to realize the full promise of their extraordinary country.

For more information on this specific action, please visit our Recent Actions page.

July 03, 2013 – The following individual has been added to OFAC’s SDN List

HTAY, Thein; DOB 07 Sep 1955; POB Taunggyi, Burma; Lieutenant General; Chief of Defence Industries; Chief of Army Ordinance Industries (individual) [BURMA]

March 18, 2013 – Burma Frequently Asked Questions

Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued Burma FAQ’s regarding recent steps the United States has taken to ease economic and trade sanctions against Burma, including General License Nos. 16, 17, 18, and 19.

February 22, 2013 – Burma Designations & Burma General License

The following entity has been added to OFAC’s SDN List:

AYEYARWADY BANK (a.k.a. AYEYARWADDY BANK LTD; a.k.a. IRRAWADDY BANK), Block (111-112), Asint Myint Zay, Zabu Thiri Township, Nay Pyi Taw, Burma; No. 1 Ywama Curve, Ba Yint Naung Road, Block (2), Hlaing Township, Yangon, Burma; SWIFT/BIC AYAB MM MY [BURMA].

Today, the Office of Foreign Assets Control (OFAC) issued a general license to authorize additional U.S. economic activity in Burma. The general license allows individuals, companies, and financial institutions to conduct most transactions – including opening and maintaining accounts and conducting a range of other financial services – with four of Burma’s major financial entities: Myanma Economic Bank, Myanma Investment and Commercial Bank, Asia Green Development Bank, and Ayeyarwady Bank. This action will give U.S. companies and non-governmental organizations greater access to some of the largest Burmese banks and allow these financial entities to access the U.S. financial system. Today’s general license supports the July 2012 easing of U.S. economic sanctions on Burma that authorized new investment in Burma by U.S. persons and encourages additional U.S. economic involvement in Burma.

OFAC Recent Sanctions & Press Release

January 24, 2013 – Anti-Terrorism Designations; Democratic Republic of the Congo Designations; Non-proliferation Designations; Burma Designations Removal; Non-proliferation Designations Update

The following individuals have been added to OFAC’s SDN List:

AL-ZAHRANI, Ahmed Abdullah Saleh al-Khazmari (a.k.a. AL-AZADI, Abu Maryam; a.k.a. AL-KHOZMRI, Ahmed Abdullah Saleh al-Zahrani; a.k.a. AL-SAUDI, Abu Maryam; a.k.a. AL-ZAHRANI, Abu Maryam; a.k.a. AL-ZAHRANI, Ahmad Abdullah Salih; a.k.a. AL-ZAHRANI, Ahmed Abdullah S; a.k.a. BIN AL-ZAHRANI, Ahmed bin Abdullah Saleh), Iran; Pakistan; DOB 15 Sep 1978; POB Dammam, Saudi Arabia; Passport E126785 (Saudi Arabia) issued 27 May 2002 expires 03 Apr 2007; Interpol: Red Notice. File No. 2009/3599. March 24, 2009. Orange Notice. File No. 2009/52/OS/CCC. February 10, 2009. (individual) [SDGT].
BADEGE, Eric; DOB 1971; Lieutenant Colonel; Alternate Title: Colonel (individual) [DRCONGO].
CHANG, Myong-Chin (a.k.a. JANG, Myong-Jin); DOB 1966; alt. DOB 1965 (individual) [NPWMD].
KIM, Kwang-Il, Beijing, China; nationality Korea, North (individual) [NPWMD].
PAEK, Chang-Ho (a.k.a. PAEK, Ch’ang-Ho; a.k.a. PAK, Chang-Ho); DOB 18 Jun 1964; POB Kaesong, DPRK; Passport 381420754 issued 07 Dec 2011 expires 07 Dec 2016 (individual) [NPWMD].
RA, Kyong-Su, Beijing, China (individual) [NPWMD].
RUNIGA, Jean-Marie Rugerero (a.k.a. RUNIGA, Jean-Marie Lugerero); DOB 17 Sep 1966; POB Democratic Republic of the Congo (individual) [DRCONGO].

The following entities have been added to OFAC’s SDN List:

KOREAN COMMITTEE FOR SPACE TECHNOLOGY (a.k.a. COMMITTEE FOR SPACE TECHNOLOGY; a.k.a. DEPARTMENT OF SPACE TECHNOLOGY OF NORTH KOREA; a.k.a. DPRK COMMITTEE FOR SPACE TECHNOLOGY; a.k.a. KCST), Pyongyang, Korea, North [NPWMD].
LEADER (HONG KONG) INTERNATIONAL TRADING LIMITED (a.k.a. LEADER INTERNATIONAL TRADING LIMITED), Room 1610 Nan Fung Tower, 173 Des Voeux Road, Hong Kong [NPWMD].

The following deletions have been made to OFAC’s SDN List:

THEIN, U Kyaw, 503 Sembawang Road, #02-29 757707, Singapore; c/o Air Bagan Holdings Pte. Ltd., undetermined; c/o Htoo Wood Products Pte. Ltd., undetermined; c/o Pavo Aircraft Leasing Pte. Ltd., undetermined; c/o Pavo Trading Pte. Ltd., undetermined; DOB 25 Oct 1947; nationality Burma; citizen Burma; National ID No. S2733659J (Singapore) issued 07 Jul 2005; permanent resident Singapore (individual) [BURMA].

The following changes have been made to OFAC’s SDN List:

KOREA MINING DEVELOPMENT TRADING CORPORATION (a.k.a. CHANGGWANG SINYONG CORPORATION; a.k.a. EXTERNAL TECHNOLOGY GENERAL CORPORATION; a.k.a. NORTH KOREAN MINING DEVELOPMENT TRADING CORPORATION; a.k.a. “KOMID”), Central District, Pyongyang, Korea, North [NPWMD].

-to- KOREA MINING DEVELOPMENT TRADING CORPORATION (a.k.a. CHANGGWANG SINYONG CORPORATION; a.k.a. EXTERNAL TECHNOLOGY GENERAL CORPORATION; a.k.a. KOREA KUMRYONG TRADING COMPANY; a.k.a. NORTH KOREAN MINING DEVELOPMENT TRADING CORPORATION; a.k.a. “KOMID”), Central District, Pyongyang, Korea, North [NPWMD].

November 16, 2012 – Administration Eases Ban on Imports From Burma

The following is the text of a joint statement by the U.S. Departments of State and Treasury:

Secretary of State Clinton announced September 26 that the United States would begin the process of easing restrictions on imports of Burmese goods in response to the substantial and significant reforms that have taken place in that country over the past year. Today, the United States has taken another step in the normalization of our bilateral economic relationship by broadly authorizing Burmese-origin goods to enter the United States for the first time in almost a decade. The government of Burma and Burmese leadership, including Aung San Suu Kyi, have expressed a desire that the import ban be eased in order to further integrate their country into the global economy.

Today’s joint actions by the Departments of State and Treasury are intended to support the Burmese government’s ongoing reform efforts and to encourage further change, as well as to offer new opportunities for Burmese and American businesses. President Thein Sein’s government has released hundreds of political prisoners, removed pre-publication censorship requirements for the press, and enacted a labor law that permits the formation of labor unions. The government has also passed a new Foreign Investment Law, and is making efforts to join the Extractive Industries Transparency Initiative. It has established ceasefire agreements with ten armed ethnic groups, is pursuing negotiations with the last major ethnic armed group that has not yet signed a ceasefire agreement, and is establishing mechanisms to work toward a sustainable ethnic reconciliation process. Steps have been taken toward democratization; the parliamentary by-elections held in April 2012 were largely free and fair, and 43 opposition party members were elected to Parliament.

In light of these positive changes, the United States is issuing a waiver and general license to ease the ban on imports into the United States of products from Burma required by section 3(a) of the Burmese Freedom and Democracy Act of 2003 (BFDA) and implemented by Executive Order 13310 of July 28, 2003. However, as concerns about some areas of trade with respect to Burma remain, this waiver and license do not affect the existing prohibitions and restrictions on the importation of jadeite and rubies mined or extracted from Burma, and on articles of jewelry containing them, imposed by the Tom Lantos Block Burmese JADE (Junta’s Anti-Democratic Efforts) Act of 2008, which amended the BFDA. We are committed to working with the Government of Burma to address these concerns.

The U.S. government is closely monitoring and supporting Burma’s progress on reform, and the core authorities underlying our sanctions remain in place. Despite positive changes, the United States remains concerned about corruption, remaining political prisoners, continued military ties to the Democratic People’s Republic of Korea, and ethnic conflict. U.S. policy remains calibrated, and through the Treasury Department’s Specially Designated Persons (SDN) list, the United States will take steps to exclude those who continue to perpetrate the violence, oppression, and corrupt practices of the past from participating in our countries’ growing bilateral diplomatic and economic ties. U.S. persons are still prohibited from engaging in transactions with persons included on the SDN list, as well as any entity in which such a person owns, directly or indirectly. The SDN list is available at www.treasury.gov/resource-center/sanctions/SDN-List/Pages/default.aspx.

The United States is committed to supporting positive political and economic reforms in Burma, and we urge the Burmese Government to continue this progress by implementing measures that increase socio-economic development, promote government transparency and accountability, protect human rights, and advance ethnic reconciliation across the country.

General License No. 18 Authorizes the Importation of Products of Burma

The Department of State, pursuant to a delegation of authority from the President, has waived the ban on the importation of products of Burma set forth in section 3(a) of the BFDA. Consistent with this waiver, Treasury Department has issued General License No. 18 (GL 18) authorizing the importation into the United States of any article that is a product of Burma, subject to certain limitations. GL 18 does not authorize the importation into the United States of jadeite or rubies mined or extracted from Burma, or of articles of jewelry containing jadeite or rubies mined or extracted from Burma or any other activity prohibited by Section 3A of the BFDA, an amendment added by the Tom Lantos Block Burmese JADE (Junta’s Anti-Democratic Efforts) Act of 2008. GL 18 also does not authorize transactions with any person blocked under the Burma sanctions program. Changes to the List of Specially Designated Nationals and Blocked Persons

Today, the Treasury Department is designating seven entities and updating an additional alias to an already-sanctioned entity. The seven newly-designated entities that have been added to the SDN List include front companies owned or controlled by Steven Law and Tay Za.

Gold Ocean Pte Ltd., Great Success Pte. Ltd., Green Luck Trading Company, and Gold Energy Co. Ltd. are front companies controlled by Steven Law, a crony of the former regime designated on February 25, 2008. Gold Ocean Pte Ltd is the primary front company used to transfer money between Steven Law’s companies, foreign companies, and Burmese state-run organizations. China Focus Development Ltd. is the new name for Golden Aaron Pte. Ltd., a company identified as blocked property on February 25, 2008 and owned by Cecilia Ng, the wife of Steven Law.

Asia Pioneer Impex Pte. Ltd., Terrestrial Pte. Ltd., and Asia Green Development Bank are companies owned or controlled by Tay Za, a crony of the former regime who was sanctioned on October 18, 2007. Tay Za uses his Singapore-based companies, Asia Pioneer Impex Pte. Ltd. and Terrestrial Pte. Ltd., to conduct business transactions. He began trading under the name Terrestrial Pte. Ltd. following financial sanctions against Pavo Trading in 2008.

The Treasury Department has added the following names to its List of Specially Designated Nationals and Blocked Persons:

ASIA PIONEER IMPEX PTE. LTD., 10 Anson Road, #23-16 International Plaza, Singapore 079903, Singapore [BURMA].
TERRESTRIAL PTE. LTD., 3 Raffles Place, #06-01 Bharat Building, Singapore 048617, Singapore; 10 Anson Road, #23-16 International Plaza, Singapore 079903, Singapore [BURMA].
ASIA GREEN DEVELOPMENT BANK (a.k.a. AGD BANK), 168 Thiri Yatanar Shopping Complex, Zabu Thiri Township, Nay Pyi Taw, Burma; 73/75 Sule Pagoda Road, Pabedan Township, Yangon, Burma; SWIFT/BIC AGDB MM MY [BURMA].
GOLD ENERGY CO. LTD., No. 74 Lan Thit Road, Insein Township, Rangoon, Burma; Taungngu (Tungoo) Branch, Karen State, Burma [BURMA].
GOLD OCEAN PTE LTD, 101 Cecil Street #08-08, Tong Eng Building, Singapore 069533, Singapore; 1 Scotts Road, #21-07/08 Shaw Centre, Singapore 228208, Singapore [BURMA].
GREAT SUCCESS PTE. LTD., 1 Scotts Road, #21/07-08 Shaw Centre, Singapore, 228208, Singapore; 101 Cecil Street #08-08, Tong Eng Building, Singapore, 069533, Singapore [BURMA].
GREEN LUCK TRADING COMPANY (a.k.a. GREEN LUCK TRADING COMPANY LIMITED), No. 61/62 Bahosi Development, Wadan Street, Lanmadaw Township, Rangoon, Burma; No. 74 Lan Thit Street, Insein Township, Rangoon, Burma [BURMA].

The Treasury Department has amended the following name on its List of Specially Designated Nationals and Blocked Persons:

GOLDEN AARON PTE. LTD. (a.k.a. CHINA FOCUS DEVELOPMENT; a.k.a. CHINA FOCUS DEVELOPMENT LIMITED; a.k.a. CHINA FOCUS DEVELOPMENT LTD.), 3 Shenton Way, 10-01, Shenton House, Singapore 068805, Singapore; 101 Cecil Street, 08-08 Tong Eng Building, Singapore 069533, Singapore; Unit 2612A, Kuntai International Center, No. 12 Chaowai Street, Chaoyang District, Beijing 100020, China [BURMA] [JADE].# # #

US Department of State Press Release

November 16, 2012 – Publication of Burma General Licenses and Burma Designations

The U.S. government is closely monitoring and supporting Burma’s progress on reform, and the core authorities underlying our sanctions remain in place. Despite positive changes, the United States remains concerned about corruption, remaining political prisoners, continued military ties to the Democratic People’s Republic of Korea, and ethnic conflict. U.S. policy remains calibrated, and through the Treasury Department’s Specially Designated Persons (SDN) list, the United States will take steps to exclude those who continue to perpetrate the violence, oppression, and corrupt practices of the past from participating in our countries’ growing bilateral diplomatic and economic ties. U.S. persons are still prohibited from engaging in transactions with persons included on the SDN list, as well as any entity in which such a person owns, directly or indirectly, a 50 percent or greater interest. The SDN list is available at www.treasury.gov/resource-center/sanctions/SDN-List/Pages/default.aspx.

General License No. 18 Authorizes the Importation of Products of Burma The Department of State, pursuant to a delegation of authority from the President, has waived the ban on the importation of products of Burma set forth in section 3(a) of the BFDA. Consistent with this waiver, the Treasury Department has issued General License No. 18 (GL 18) authorizing the importation into the United States of any article that is a product of Burma, subject to certain limitations. GL 18 does not authorize the importation into the United States of jadeite or rubies mined or extracted from Burma, or of articles of jewelry containing jadeite or rubies mined or extracted from Burma or any other activity prohibited by Section 3A of the BFDA, an amendment added by the Tom Lantos Block Burmese JADE (Junta’s Anti-Democratic Efforts) Act of 2008. GL 18 also does not authorize transactions with any person blocked under the Burma sanctions program. Changes to the List of Specially Designated Nationals and Blocked Persons

OFFICE OF FOREIGN ASSETS CONTROL

Specially Designated Nationals Update: The Treasury Department has added the following names to its List of Specially Designated Nationals and Blocked Persons:

ASIA GREEN DEVELOPMENT BANK (a.k.a. AGD BANK), 168 Thiri Yatanar Shopping Complex, Zabu Thiri Township, Nay Pyi Taw, Burma; 73/75 Sule Pagoda Road, Pabedan Township, Yangon, Burma; SWIFT/BIC AGDB MM MY [BURMA].
ASIA PIONEER IMPEX PTE. LTD., 10 Anson Road, #23-16 International Plaza, Singapore 079903, Singapore [BURMA].
GOLD ENERGY CO. LTD., No. 74 Lan Thit Road, Insein Township, Rangoon, Burma; Taungngu (Tungoo) Branch, Karen State, Burma [BURMA].
GOLD OCEAN PTE LTD, 101 Cecil Street #08-08, Tong Eng Building, Singapore 069533, Singapore; 1 Scotts Road, #21-07/08 Shaw Centre, Singapore 228208, Singapore [BURMA].
GREAT SUCCESS PTE. LTD., 1 Scotts Road, #21/07-08 Shaw Centre, Singapore, 228208, Singapore; 101 Cecil Street #08-08, Tong Eng Building, Singapore, 069533, Singapore [BURMA].
GREEN LUCK TRADING COMPANY (a.k.a. GREEN LUCK TRADING COMPANY LIMITED), No. 61/62 Bahosi Development, Wadan Street, Lanmadaw Township, Rangoon, Burma; No. 74 Lan Thit Street, Insein Township, Rangoon, Burma [BURMA].
TERRESTRIAL PTE. LTD., 3 Raffles Place, #06-01 Bharat Building, Singapore 048617, Singapore; 10 Anson Road, #23-16 International Plaza, Singapore 079903, Singapore [BURMA].

The Treasury Department has amended the following name on its List of Specially Designated Nationals and Blocked Persons:

GOLDEN AARON PTE. LTD., 3 Shenton Way, 10-01, Shenton House, Signapore 068805, Singapore; 101 Cecil Street, 08-08 Tong Eng Building, Singapore 069533, Singapore [BURMA] [JADE]. -to- GOLDEN AARON PTE. LTD. (a.k.a. * CHINA FOCUS DEVELOPMENT; a.k.a. CHINA FOCUS DEVELOPMENT LIMITED; a.k.a. CHINA FOCUS DEVELOPMENT LTD.), 3 Shenton Way, 10-01, Shenton House, Singapore 068805, Singapore; 101 Cecil Street, 08-08 Tong Eng Building, Singapore 069533, Singapore; China; Unit 2612A, Kuntai International Center, No. 12 Chaowai Street, Chaoyang District, Beijing 100020, China [BURMA] [JADE].

OFAC Recent Sanctions & general License

September 19, 2012 – The following deletions have been made to OFAC’s SDN List

BALDACCHINO, Adrian, Fiorella, Triq Tumas Fenech, Qormi, Malta; DOB 01 Jan 1974; nationality Malta; citizen Malta; National ID No. 326074M (Malta) (individual) [NPWMD].
SEIN, Thein; DOB 20 Apr 1945; POB Pathein, Irrawaddy Division; nationality Burma; citizen Burma; Adjutant General; First Secretary, State Peace and Development Council (individual) [BURMA].
MANN, Shwe (a.k.a. MANN, Thura Shwe); DOB 11 Jul 1947; nationality Burma; citizen Burma; Joint Chief of Staff; Member, State Peace and Development Council (individual) [BURMA].
MANN, Thura Shwe (a.k.a. MANN, Shwe); DOB 11 Jul 1947; nationality Burma; citizen Burma; Joint Chief of Staff; Member, State Peace and Development Council (individual) [BURMA].

August 10, 2012 – Publication of General Licenses (16 & 17) Related to the Burma Sanctions Program

On July 11, 2012, OFAC issued General License No. 16 authorizing the exportation or reexportation of financial services to Burma, directly or indirectly, from the United States or by a U.S. person, wherever located, subject to certain limitations. Also on July 11, 2012, OFAC issued General License No. 17 authorizing new investment in Burma by U.S. persons, subject to certain limitations and requirements.

The transactions authorized by General License No. 16 include the activities formerly authorized by General License No. 14-C, dated April 17, 2012, authorizing certain financial transactions in support of humanitarian, religious, and other not-for-profit activities in Burma, and General License No. 15, dated May 9, 2008, authorizing noncommercial, personal remittances to Burma. Accordingly, General License No. 14-C and General License No. 15 are replaced and superseded in their entirety by General License No. 16. At the time of their issuance on July 11, 2012, OFAC made General License No. 16 and General License No. 17 available on its Web site. As of July 11, 2012, the Executive Order referenced in each of General License 16 and General License 17 had not yet been assigned a number; that Executive Order has since been assigned a number, and is Executive Order 13619 of July 11, 2012, “Blocking Property of Persons Threatening the Peace, Security, or Stability of Burma (77 FR 41243, July 13, 2012).

With this notice, OFAC is publishing General License No. 16 and General License No. 17 in the Federal Register.

More information follow the link Federal Register Volume 77, Number 155 (Friday, August 10, 2012)

July 11, 2012 – Release of Executive Order Blocking Property of Persons Threatening the Peace, Security, or Stability of Burma; Burma Designations; Release of Burma General Licenses

President Obama and Secretary of State Clinton announced in May that the United States would ease certain financial and investment sanctions on Burma in response to the historic reforms that have taken place in that country over the past year. Today, the U.S. Government has implemented these changes to permit the first new U.S. investment in Burma in nearly 15 years, and to broadly authorize the exportation of financial services to Burma. The United States supports the Burmese Government’s ongoing reform efforts, and believes that the participation of U.S. businesses in the Burmese economy will set a model for responsible investment and business operations as well as encourage further change, promote economic development, and contribute to the welfare of the Burmese people.

As these vital economic and political reform efforts move forward, the United States will continue to support and monitor Burma’s progress. We have and will continue to urge the Burmese Government to continue its reform process and we expect the Burmese Government to implement measures that increase socio-economic development and safeguard the human rights of all its people, including political rights and civil liberties.

The United States remains concerned about the protection of human rights, corruption, and the role of the military in the Burmese economy. Consequently, the policy we are announcing today is carefully calibrated and aimed at supporting democratic reform and reconciliation efforts while aiding in the development of an economic and business environment that provides benefits to all Burma’s people. A key element of this policy is that we are not authorizing new investment with the Burmese Ministry of Defense, state or non-state armed groups (which includes the military), or entities owned by the foregoing. Moreover, the core authorities underlying our sanctions remain in place. U.S. persons are still prohibited from dealing with blocked persons, including both listed Specially Designated Nationals (SDNs) as well as any entities 50 percent or more owned by an SDN. The Treasury Department’s Office of Foreign Assets Control (OFAC) publishes a list of SDNs

Also today, the President issued a new Executive Order that will allow the U.S. Government to sanction individuals or entities that threaten the peace, security, or stability of Burma, including those who undermine or obstruct the political reform process or the peace process with ethnic minorities, those who are responsible for or complicit in the commission of human rights abuses in Burma, and those who conduct certain arms trade with North Korea. Individual or entities engaging in such activities would be subject to Treasury action that would cut them off from the U.S. financial system.

OFAC Recent Actions

July 11, 2012 – OFAC General License No. 16 Authorizes the Exportation of Financial Services to Burma

OFAC has issued General License No. 16 (GL 16) authorizing the exportation of U.S. financial services to Burma, subject to certain limitations. Reflecting particular human rights risks with the provision of security services, GL 16 does not authorize, in connection with the provision of security services, the exportation of financial services to the Burmese Ministry of Defense, state or non-state armed groups (which includes the military), or entities owned by the foregoing. GL 16 also does not authorize the exportation of financial services to any person blocked under the Burma sanctions program. Transfers of funds to or from an account of a financial institution that is blocked under the Burma sanctions program are authorized, however, provided that the account is not on the books of a U.S. financial institution. Because the transactions authorized by GL 16 include activities formerly authorized by other general licenses (such as financial transactions in support of humanitarian, religious, and other not-for-profit activities in Burma, and noncommercial, personal remittances to Burma), General License No. 14-C and General License No. 15 are replaced and superseded by GL 16.

July 11, 2012 – OFAC General License No. 17 Authorizes New Investment in Burma

The Secretary of State, pursuant to a delegation of authority from the President, has waived the ban on new U.S. investment in Burma set forth in the Foreign Operations, Export Financing, and Related Programs Appropriations Act of 1997. Consistent with this waiver, OFAC has issued General License No. 17 (GL 17) authorizing new investment in Burma, subject to certain limitations and requirements. GL 17 does not authorize new investment pursuant to an agreement, or pursuant to the exercise of rights under such an agreement, that is entered into with the Burmese Ministry of Defense, state or non-state armed groups (which includes the military), or entities owned by the foregoing, or any person blocked under the Burma sanctions program.

July 11, 2012 – Reporting Requirements on Responsible Investment in Burma

Any U.S. person (both individuals and entities) engaging in new investment in Burma pursuant to GL 17 whose aggregate new investment exceeds $500,000 must provide to the State Department the information set forth in the State Department’s Reporting Requirements on Responsible Investment in Burma.

These reporting requirements will undergo public notice and comment in accordance with the Paperwork Reduction Act of 1995. The Department of State expects to issue its 60-day Federal Register notice of proposed information collections in the coming days.

There are several components to these new reporting requirements, which will apply to investors with more than $500,000 in aggregate new investment in Burma. Investors will be required to file reports with the State Department on an annual basis, and will include a version that the Department will make publicly available, consistent with relevant U.S. law. Key information that companies will report on include information regarding policies and procedures with respect to human rights, workers’ rights, environmental stewardship, land acquisitions, arrangements with security service providers, and, aggregate annual payments exceeding $10,000 to Burmese government entities, including state-owned enterprises. The purpose of the public report is to promote greater transparency and encourage civil society to partner with our companies toward responsible investment. The above reporting requirements apply to any new investment, whatever corporate form it might take.

In addition, individuals or entities undertaking new investment pursuant to an agreement, or pursuant to the exercise of rights under such an agreement, that is entered into with the Myanma Oil and Gas Enterprise (MOGE) must notify the State Department within 60 days of their new investment.

July 11, 2012 – New Executive Order Targeting Persons Threatening the Peace, Security, or Stability of Burma

In signing this Executive Order, the President has provided the United States Government with additional tools to respond to threats to the peace, security, or stability of Burma, and to encourage further reform in Burma. The order provides new authority to impose blocking sanctions on persons determined by the Secretary of the Treasury, in consultation with or at the recommendation of the Secretary of State: to have engaged in acts that directly or indirectly threaten the peace, security, or stability of Burma, such as actions that have the purpose or effect of undermining or obstructing the political reform process or the peace process with ethnic minorities in Burma; to be responsible for or complicit in, or responsible for ordering, controlling, or otherwise directing, or to have participated in, the commission of human rights abuses in Burma; to have, directly or indirectly, imported, exported, reexported, sold or supplied arms or related materiel from North Korea or the Government of North Korea to Burma or the Government of Burma; to be a senior official of an entity that has engaged in the foregoing acts; to have materially assisted any of the foregoing acts, or a person whose property and interests in property are blocked pursuant to the order; or to be owned or controlled by, or to have acted for or on behalf of, such a person.

July 11, 2012 – OFAC has also added the following names to its List of Specially Designated Nationals:

DIRECTORATE OF DEFENCE INDUSTRIES (a.k.a. KA PA SA; a.k.a. “DDI”), Burma; Ministry of Defence, Shwedagon Pagoda Road, Yangon, Burma [BURMA].
INNWA BANK LTD (a.k.a. INNWA BANK), 554-556 Corner of Merchant Street and 35th Street, Kyauktada Township, Yangon, Burma; SWIFT/BIC AVAB MM M1 [BURMA].

May 18, 2012 – U.S. to “Suspend” Sanctions on Burma

On May 17, 2012 Secretary of State Clinton announced that the U.S. is “suspending” the existing financial and investment sanctions on Burma (Myanmar).

However, the details on how the existing sanctions will be suspended are still being worked out and the existing Burmese Sanctions Regulations (31 CFR. Part 537) (BSRs) administered by the Treasury Department’s Office of Foreign Assets Control (OFAC) will remain in effect until further notice.

It appears likely that OFAC will issue a general license that will amend the BSRs to enable U.S. companies to enter into contracts relating to the “economic development of resources in Burma” and other investment activities. In addition, the general license will also authorize financial institutions and other parties to provide financial services to Burma.

In today’s announcement, Secretary Clinton indicated that U.S. companies doing business in Burma will be expected to implement certain Corporate Social Responsibility measures and U.S. companies will be expected, but not required to “to conduct due diligence to avoid any problems, including human rights abuses . . . create a grievance process that will be accessible to local communities; to demonstrate appropriate treatment of employees, respect for the environment; to be a good corporate citizen; and to promote equitable, sustainable development that will benefit the people.”

Senior Administration officials today also reminded U.S. companies of the extensive corruption in Burma. Given the Burmese Government’s extensive role in the company’s business sector, particularly in the oil and gas sector, U.S. companies will have to take additional steps to ensure compliance with the U.S. Foreign Corrupt Practices Act.

US Department of State Press Release

April 17, 2012 – General License Authorizing Certain Financial Transactions in Support of Humanitarian, Religious, and other Not-for-Profit Activities in Burma

On April 17, 2012, the Office of Foreign Assets Control issued General License No. 14-C pursuant to the Burmese Sanctions Regulations, 31 CFR Part 537, authorizing certain financial transactions in support of humanitarian, religious, and other not-for-profit activities in Burma.

General License No. 14-C replaces and supersedes in its entirety Amended General License No. 14-B (dated December 2, 2008). Subject to certain limitations, General License No. 14-C authorizes the exportation and reexportation of financial services in support of certain not-for-profit activities in Burma including: (1) projects to meet basic human needs; (2) democracy building and good governance projects; (3) educational activities; (4) sporting activities; (5) non-commercial development projects directly benefiting the Burmese people; and (6) religious activities.

May 16, 2011 – CONTINUATION OF THE NATIONAL EMERGENCY WITH RESPECT TO BURMA

On May 20, 1997, the President issued Executive Order 13047, certifying to the Congress under section 570(b) of the Foreign Operations, Export Financing, and Related Programs Appropriations Act, 1997 (Public Law 104-208), that the Government of Burma had committed large-scale repression of the democratic opposition in Burma after September 30, 1996, thereby invoking the prohibition on new investment in Burma by United States persons contained in that section. The President also declared a national emergency to deal with the threat posed to the national security and foreign policy of the United States by the actions and policies of the Government of Burma, invoking the authority, inter alia, of the International Emergency Economic Powers Act, 50 U.S.C. 1701-1706.

Because the actions and policies of the Government of Burma continue to pose an unusual and extraordinary threat to the national security and foreign policy of the United States, the national emergency declared on May 20, 1997, and the measures adopted to deal with that emergency in Executive Orders 13047 of May 20, 1997, 13310 of July 28, 2003, 13348 of October 18, 2007, and 13464 of April 30, 2008, must continue in effect beyond May 20, 2011.

Therefore, in accordance with section 202(d) of the National Emergencies Act (50 U.S.C. 1622(d)), I am continuing for 1 year the national emergency with respect to Burma. This notice shall be published in the Federal Register and transmitted to the Congress.

BARACK OBAMA

Prohibits transactions involving new investment in Myanmar/Burma; prohibits transactions involving the transfer of funds or the provision of financial services from the U.S. or by U.S. persons. Several banks have been designated and banned by OFAC, including there worldwide branches.

October 2007 – More people and institutions have been designated after the recent incidents in Myanmar (Birma) – OFAC Sanction

Major drug-producing or drug-transit country

September 15, 2011 – Under the Foreign Relations Authorization Act (FAA), the President is required each year to notify Congress of those countries he determines to be major illicit drug-producing countries or major drug-transit countries that significantly affect the United States. A country’s presence on the list does not necessarily reflect its counternarcotics efforts or its level of cooperation on illegal drug control with the United States. The designation can reflect a combination of geographic, commercial, and economic factors that allow drugs to be produced and/or trafficked through a country.

When a country on the list does not fulfill its obligations under international counter-narcotics agreements and conventions, the President determines that the country has failed demonstrably to meet its counterdrug obligations, only Bolivia, Burma, and Venezuela, failed demonstrably. Such a designation can lead to sanctions. However, the President may also execute a waiver when he determines there is a vital national interest in continuing U.S. assistance. Even without such a waiver, humanitarian assistance and counternarcotics assistance may continue.

TCO

July 25, 2011 – President Obama has signed an Executive Order imposing sanctions against significant transnational criminal organizations (TCO’s). The Order provides the United States with new tools to break the economic power of transnational organized crime and protect financial markets. It will assist the Administration’s efforts to disrupt, dismantle and defeat the TCO’s that pose a significant threat to U.S. national security, foreign policy or the economy.

As a result of this Order, any property in the United States or in the possession or control of U.S. persons in which the significant TCO’s listed in the Annex have an interest is blocked, and U.S. persons are prohibited from engaging in transactions with them.

The Order also authorizes the U.S. Department of the Treasury, in consultation with the Departments of Justice and State, to identify for sanctions any individual or entity determined to have materially assisted, sponsored or provided financial, material or technological support for any person whose property and interests in property are blocked pursuant to this Order.

The US encourage partners and allies to echo the commitment and join in building a new framework for international cooperation to protect all our citizens from the violence, harm and exploitation wrought by transnational organized crime.

In signing today’s Order, the President imposed sanctions on the following organizations listed:

Mara Salvatrucha

More information on the Transnational Criminal Organizations page.

June 05, 2013 – Transnational Criminal Organizations Designations – Mara Salvatrucha Leaders aka MS13

The Mara Salvatrucha gang originated in Los Angeles and has spread to Central America, other parts of the United States, and Canada. It is commonly abbreviated as MS, Mara, and MS-13. There is some dispute about the etymology of the name. The most common belief is that the word “Mara” refers to the Spanish word for “gang”, and “Salvatrucha” (which is Spanish slang) for “Salvadoran army ant”. Alternatively, it is suggested that “Salvatrucha” refers to the Salvadoran peasant guerrillas, the source of much of the gang’s early manpower. The number 13 is homage to the Los Angeles gang “Los Emes” or “The Ms”(M being the thirteenth letter of the alphabet). The gang was set up in Los Angeles in 1980’s by Salvadoran immigrants in the city’s Pico-Union neighborhood. Source: Urban Dictionary

Please visit this chart for more information on these designations.

The following individuals have been added to OFAC’s SDN List: <sort> BERCIAN MANCHON, Moris Alexander (a.k.a. “EL BARNEY”); DOB 30 Oct 1984; POB San Salvador, El Salvador; nationality El Salvador (individual) [TCO]. CISNEROS RODRIGUEZ, Jose Misael (a.k.a. CISNEROS, Jose Misal; a.k.a. “HALF MILLION”; a.k.a. “MEDIO MLON”); DOB 02 Oct 1976; POB Agua Caliente, Chalatenango, El Salvador; nationality El Salvador (individual) [TCO]. HENRIQUEZ SOLORZANO, Borromeo Enrique (a.k.a. RIVERA ARIAS, Racson Mario; a.k.a. “EL DIABLITO”; a.k.a. “EL DIABLITO DE HOLLYWOOD”; a.k.a. “EL DIABLO”; a.k.a. “EL DIABLO PEQUENO”); DOB 27 Jul 1978; POB San Salvador, El Salvador; nationality El Salvador (individual) [TCO]. MONTERROSA-LARIOS, Marvin Geovanny (a.k.a. MONTERROSA-LARIOS, Marvin Jeovanny; a.k.a. “ENANO”); DOB 21 May 1974; POB San Miguel, San Miguel, El Salvador; nationality El Salvador (individual) [TCO]. RIVERA-LUNA, Moises Humberto (a.k.a. “SANTOS”; a.k.a. “VIEJO SANTOS”); DOB 23 May 1969; POB San Salvador, El Salvador; nationality El Salvador (individual) [TCO]. TURCIOS ANGEL, Saul Antonio (a.k.a. “EL TRECE”; a.k.a. “SHAYBOYS”); DOB 17 May 1978; POB Zaragoza, La Libertad, El Salvador; nationality El Salvador (individual) [TCO]. </sort> OFAC Recent Actions

FINCEN

DEPARTMENT OF THE TREASURY 31 CFR Part 103 RIN 1506–AA63 Imposition of Special Measures

AGENCY: Financial Crimes Enforcement Network (FinCEN), Treasury.

ACTION: Final rule.

Designation of:

Asia Wealth Bank
Myanmar Mayflower Bank

FinCen Sanction

ITAR

ITAR Based sanctions, see chapter on ITAR for more detailed information

June 16, 1993 – 58 FR 33293
July 22, 1993 – 58 FR 39280

FATF Warning List

February 22, 2013 – The FATF is not yet satisfied that Myanmar has made sufficient progress on their action plan agreed upon with the FATF. Myanmar has strategic AML/CFT deficiencies and has not made sufficient progress in addressing the deficiencies or has not committed to an action plan developed with the FATF to address the deficiencies. The FATF calls on its members to consider the risks arising from the deficiencies associated with Myanmar.

Note: Strategic Deficiencies Require Enhanced Due Diligence

The FATF calls on Myanmar to complete the implementation of action plans expeditiously and within the proposed timeframes. The FATF will closely monitor the implementation of these action plans and encourages its members to consider the information presented in the link.

October 19, 2012 – The Financial Action Task Force (FATF) is the global standard setting body for anti-money laundering and combating the financing of terrorism (AML/CFT). In order to protect the international financial system from ML/FT risks and to encourage greater compliance with the AML/CFT standards, the FATF identified jurisdictions that have strategic deficiencies and works with them to address those deficiencies that pose a risk to the international financial system.

As part of its ongoing review of compliance with the AML/CFT standards, the FATF has identified that this jurisdictions (Myanmar) has strategic AML/CFT deficiencies for which it has developed an action plan with the FATF.

NOTE-1: Strategic deficiencies require Enhanced Due Diligence

NOTE-2: FATF members and other jurisdictions should apply counter-measures to protect the international financial system from the on-going and substantial money laundering and terrorist financing (ML/TF) risks emanating from the jurisdictions Iran and North Korea.

The FATF and the FSRBs will continue to work with this jurisdiction and to report on the progress made in addressing the identified deficiencies. The FATF calls on the jurisdiction to complete the implementation of action plans expeditiously and within the proposed time frames. All member states should treat this jurisdiction (Myanmar) with vigilance FATF Public Statement – October 19, 2012

Myanmar not making sufficient progress

June 22, 2012 – The FATF is not yet satisfied that the following jurisdiction (Myanmar) has made sufficient progress on their action plan agreed upon with the FATF. The most significant action plan items and/or the majority of the action plan items have not been addressed. If these jurisdictions do not take sufficient action to implement significant components of their action plan by October 2012, then the FATF will identify these jurisdictions as being out of compliance with their agreed action plans and will take the additional step of calling upon its members to consider the risks arising from the deficiencies associated with the jurisdiction.

As part of its ongoing review of compliance with the AML/CFT standards, the FATF has identified that this jurisdiction (Myanmar) is not making sufficient progress.

June 22, 2012 – The Financial Action Task Force (FATF) is the global standard setting body for anti-money laundering and combating the financing of terrorism (AML/CFT). In order to protect the international financial system from ML/FT risks and to encourage greater compliance with the AML/CFT standards, the FATF identified jurisdictions that have strategic deficiencies and works with them to address those deficiencies that pose a risk to the international financial system.

NOTE-1: Strategic deficiencies require Enhanced Due Diligence

February 16, 2012 – The Financial Action Task Force (FATF) is the global standard setting body for anti-money laundering and combating the financing of terrorism (AML/CFT). In order to protect the international financial system from ML/FT risks and to encourage greater compliance with the AML/CFT standards, the FATF identified jurisdictions that have strategic deficiencies and works with them to address those deficiencies that pose a risk to the international financial system.

NOTE-1: Strategic deficiencies require Enhanced Due Diligence

28 October 2011 – The Financial Action Task Force (FATF) is the global standard setting body for anti-money laundering and combating the financing of terrorism (AML/CFT). In order to protect the international financial system from ML/FT risks and to encourage greater compliance with the AML/CFT standards, the FATF identified jurisdictions that have strategic deficiencies and works with them to address those deficiencies that pose a risk to the international financial system.

NOTE-1: Strategic deficiencies require Enhanced Due Diligence

US FinCen – AML/CFT Deficiencies Warning List

November 15, 2011 – FinCen adopted the Financial Action Task Force Public Statement on Anti-Money Laundering and Counter-Terrorist Financing Risks and FinCen provided guidance on the subject. More detailed information FIN-2011-A014 and FIN-2011-A015

Singapore MAS – AML/CFT Deficiencies Warning List

On 28 Oct 2011, the Financial Action Task Force (FATF), of which Singapore is a member, issued an updated statement that highlighted the strategic deficiencies in the anti-money laundering/combating the financing of terrorism (AML/CFT) regimes of Nigeria and Sao Tome & Principe, in addition to the previously announced regimes of Bolivia, Cuba, Democratic People’s Republic of Korea (DPRK), Ethiopia, Iran, Kenya, Myanmar, Sri Lanka, Syria and Turkey. The text of the FATF statement can be found at: FATF Statement

Financial institutions are advised to accord due consideration to the above FATF statement and take the appropriate action(s) as recommended by the FATF with respect to the named jurisdictions.

Separately, FATF has issued an updated statement on its on-going process to improve global AML/CFT compliance. This statement provides information on a list of jurisdictions that have committed to action plans to address and strengthen their respective AML/CFT deficiencies. The second FATF statement can be found at: FATF Statement

June 24, 2011 – The Financial Action Task Force (FATF) is the global standard setting body for anti-money laundering and combating the financing of terrorism (AML/CFT). In order to protect the international financial system from ML/FT risks and to encourage greater compliance with the AML/CFT standards, the FATF identified jurisdictions that have strategic deficiencies and works with them to address those deficiencies that pose a risk to the international financial system.

NOTE-1: Strategic deficiencies require Enhanced Due Diligence

US FinCen – AML/CFT Deficiencies Warning List

July 13, 2011 – FinCen adopted the Financial Action Task Force Public Statement on Anti-Money Laundering and Counter-Terrorist Financing Risks and FinCen provided guidance on the subject. More detailed information FIN-2011-A011 and FIN-2011-A012

From Sanctions Wiki

Contents

EU

UK

Norway

Swiss

Australia

Canada

US

OFAC

Major drug-producing or drug-transit country

TCO

FINCEN

ITAR

FATF Warning List

US FinCen – AML/CFT Deficiencies Warning List

Singapore MAS – AML/CFT Deficiencies Warning List

US FinCen – AML/CFT Deficiencies Warning List