News & Analysis as of

Myanmar Office of Foreign Assets Control (OFAC)

Locke Lord LLP

OFAC Myanmar ‎Sanctions Update

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On October 31, 2023, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) published Directive 1 under Executive Order 14014 (the “Directive”) that will, effective as of December 15, 2023, prohibit...more

Foley & Lardner LLP

U.S. Treasury Department Expands Sanctions against Myanmar

Foley & Lardner LLP on

On October 6, 2022, the United States Treasury Department designated three Myanmar individuals and their company as targets of sanctions under Executive Order 14014 (E.O. 14014). These are the latest in a series of...more

Sheppard Mullin Richter & Hampton LLP

Myanmar Sanctions – A Last Resort Against a Non-Cooperating Country

On October 21, 2022, the Financial Action Task Force (FATF) officially moved Myanmar onto the agency’s blacklist, where it joins Iran and North Korea, the only other two listed countries. It is likely that the United States...more

Foley Hoag LLP - White Collar Law &...

Review of Sanctions and Export Control Developments in 2021 and What to Expect in 2022

This is the fifth post in this year’s series examining important trends in white collar law and investigations. Our previous post discussed trends in State AG enforcement. Up next: SEC Enforcement in 2022: A Look Ahead. ...more

Dorsey & Whitney LLP

U.S. Reimposes Economic Sanctions On Military Regime in Burma

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Effective June 1, 2021, the U.S. Department of the Treasury's Office of Foreign Assets Control (“OFAC”) published new Burmese Sanctions Regulations (“BSR”) that implement President Biden’s February 10, 2021, Executive Order...more

Pillsbury - Global Trade & Sanctions Law

Myanmar Update: U.S., UK and EU Continue to Expand Sanctions for Companies with Ties to the Military

U.S., UK and EU authorities continue to expand sanctions targeting the Tatmadaw, Myanmar’s armed forces, following the February 17, 2021, military coup in Myanmar (also known as Burma). Over the past month, the United States...more

White & Case LLP

United States, European Union and United Kingdom Intensify Sanctions on Burma

White & Case LLP on

On March 25, 2021, the United States imposed sanctions on Myanma Economic Holdings Public Company Limited ("MEHL") and Myanmar Economic Corporation Limited ("MEC"), Burma's two largest military conglomerates. On the same day,...more

A&O Shearman

Developments in sanctions targeting Myanmar

A&O Shearman on

Following the military coup in Myanmar on February 1, 2021, the U.S., UK and EU have imposed a range of sanctions targeting individuals and entities affiliated with the Burmese military....more

Eversheds Sutherland (US) LLP

US sanctions Myanmar’s economic holdings companies - sanctions extend to all majority-owned subsidiaries

On March 25, 2021, in its effort to intensify international pressure on Min Aung Hlaing’s military government, the US placed sanctions, pursuant to Executive Order 14014, on two holding companies, Myanma Economic Holdings...more

Pillsbury - Global Trade & Sanctions Law

U.S. Government Continues to Ratchet Up Pressure Against Myanmar – The Latest Steps

U.S. officials have continued to use a range of policy tools to apply pressure on the military leadership of Myanmar (also known as Burma) in response to the military coup in the country and escalating violence against...more

BCLP

U.S. Imposes Additional Measures Against Burma/Myanmar

BCLP on

Building on the export controls and sanctions measures already imposed by the U.S. government in February in response to the military coup in Burma, the Bureau of Industry and Security (“BIS”) imposed additional export...more

Sheppard Mullin Richter & Hampton LLP

U.S. Imposes Sanctions Measures Targeting Myanmar Military Government

On February 1, 2021, the Myanmar military overthrew the country’s democratically elected government and installed an army general as head of state, with a cadre of military officials and their allies running the government. ...more

White & Case LLP

Military Takeover in Burma Leads to New US Sanctions and Export Controls

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On February 1, 2021, the Burmese military announced that it had seized control of the country from the country's democratically elected government.1 In response to the coup, the US has so far designated 12 individuals and...more

Akin Gump Strauss Hauer & Feld LLP

Biden Administration Issues New Sanctions and Export Controls to Respond to Coup in Burma

Key Points - On February 11, 2021, in the first deployment of sanctions since assuming office, President Biden issued EO 14014, authorizing sanctions against members of the Burmese military and related parties responsible...more

Hogan Lovells

U.S. imposes new sanctions and export controls on Burma

Hogan Lovells on

On 11 February 2021, President Biden issued Executive Order 14014 "Blocking Property with Respect to Burma" (EO), which authorizes the imposition of sanctions on specific persons or entities in Burma, including Burmese...more

Skadden, Arps, Slate, Meagher & Flom LLP

US Imposes Restrictions on Burma Following Military Coup

In response to the February 1, 2021, military coup in Burma (Myanmar), on February 10, 2021, President Joe Biden issued Executive Order 14014 (EO 14014), “Executive Order on Blocking Property With Respect to the Situation in...more

Wiley Rein LLP

Biden Administration Announces New Sanctions, Export Controls Following Burma’s Military Coup

Wiley Rein LLP on

On February 11, 2021, the Biden Administration created a new sanctions regime and imposed additional export restrictions in response to the recent military coup in Burma. While the new measures do not broadly prohibit doing...more

Pillsbury - Global Trade & Sanctions Law

The Coup in Myanmar — U.S. Announces Initial Response with Targeted Sanctions and Export Controls

In response to the recent military coup in Myanmar (also known as Burma) against the democratically-elected government, on February 11, 2021 the Biden Administration issued an Executive Order on Blocking Property with Respect...more

Jones Day

Biden Administration Imposes Sanctions on Burma Following Military Coup

Jones Day on

As part of the U.S. government response, the Department of the Treasury imposes sanctions on certain Burmese persons, and the Department of Commerce heightens export restrictions relating to Burma. In response to the...more

Bass, Berry & Sims PLC

Sanctions Enforcement Update: Penalties for Logistics, Telecom Companies

• Actions underscore long arm of U.S. sanctions jurisdiction • Voluntary disclosures and cooperation can lead to significant penalty reductions • Facilitation of a violation is treated the same as a direct violation ...more

The Volkov Law Group

President Obama Pledges to Lift Myanmar Sanctions

The Volkov Law Group on

On September 14, 2016, President Obama met with Myanmar’s leader, State Counsellor Daw Aung Suu Kyi, at the White House and announced the United States’ intent to remove economic sanctions against Myanmar (formerly known as...more

The Volkov Law Group

Sanctions Updates: Iran, Myanmar (Burma) and Cuba

The Volkov Law Group on

With the rise of OFAC Sanctions enforcement and compliance issues, companies have to devote significant resources to following changes in OFAC Sanctions. Over the last few years, the US government has significantly altered...more

K&L Gates LLP

The Sun is Setting On Myanmar’s Sanctions Regime

K&L Gates LLP on

The United States imposed trade sanctions on Myanmar (a.k.a. Burma) beginning in May 1997 after determining that the military junta had committed large-scale repression of the democratic opposition in Burma. The Burma...more

King & Spalding

U.S. Issues Burma General Licenses

King & Spalding on

In May, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) amended the Burmese Sanction Regulations, and the U.S. Department of State (State) proposed revisions to the Burma Responsible...more

Akin Gump Strauss Hauer & Feld LLP

Red Notice Newsletter - May 2016

ANTICORRUPTION DEVELOPMENTS - Former Securency Manager Convicted of Corruption - On May 11, 2016, Peter Michael Chapman, former manager of polymer banknote manufacturer Securency PTY Ltd. (“Securency”), was...more

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