On June 1, 2021, the US Treasury Departmentās Office of Foreign Assets Control (āOFACā) published the Burma Sanctions Regulations at 31 C.F.R. Part 525 (the āBSRā) to implement Executive Order 14014, āBlocking Property With Respect to the Situation in Burmaā (āEO 14014ā). EO 14014 imposed sanctions on certain Burmese parties in response to the Burmese militaryās coup against the democratically elected civilian government. The BSR do not expand upon the sanctions previously imposed under EO…
On 19 April 2021, the EU announced further Myanmar sanctions coming into force immediately, adding 10 further individuals to its sanctions list. These 10 individuals were targeted for the positions they hold as members of the State Administrative Council and, unlike previous rounds of designations, do not appear to be military or police officials. This brings the total number of sanctioned individuals to 35 (see our previous blog post here). The Council has also imposed…
On 1 April 2021, the UK government announced additional measures targeting the Myanmar regime’s economic interests. Further to the 25 March 2021 announcement targeting Myanmar Economic Holdings Ltd (MEHL), the UK has added Myanmar Economic Corporation (MEC) to its Global Human Rights sanctions regime. The UK cited credible evidence that MEC had contributed funds to the Myanmar military who have allegedly committed widespread human rights violations in Myanmar. The sanctions impose an asset freeze against…
On 25 March 2021, the UK Government announced further measures targeting the Myanmar regime, adding Myanmar Economic Holdings Public Company Ltd (MEHL) to the Global Human Rights financial sanctions regime for its alleged involvement in human rights violations against the Rohingya. MEHL has been added to the UK Sanctions List and to the Office of Financial Sanctions ImplementationāsĀ consolidated list of financial sanctions targets. The UK also named 40 of MEHL’s subsidiaries in its Sanctions List,…