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2/2/24, 10:03 AM Treasury Sanctions Military Cronies and Companies in Burma Three Years after Military Coup | U.S. Department of the Treasury Industries, and ships material essential to domestic weapons production by Burma’s military. Myanma Five Star Line Company Limited is designated pursuant to E.O. 14014 for being owned or controlled by, or having acted or purported to act for or on behalf of, directly or indirectly, MEHL. SANCTIONS IMPLICATIONS As a result of today’s designations pursuant to E.O. 14014, all property and interests in property of the persons named above that are in the United States, or in the possession or control of U.S. persons, are blocked and must be reported to OFAC. In addition, any entities that are owned, directly or indirectly, 50 percent or more by one or more blocked persons are also blocked. Unless authorized by a general or specific license issued by OFAC, or otherwise exempt, OFAC’s regulations generally prohibit all transactions by U.S. persons or within (or transiting) the United States that involve any property or interests in property of designated or otherwise blocked persons. The prohibitions include the making of any contribution or provision of funds, goods, or services by, to, or for the benefit of any blocked person or the receipt of any contribution or provision of funds, goods, or services from any such person. The power and integrity of OFAC sanctions derive not only from OFAC’s ability to designate and add persons to the Specially Designated Nationals and Blocked Persons (SDN) List but also from its willingness to remove persons from the SDN List consistent with the law. The ultimate goal of sanctions is not to punish but to bring about a positive change in behavior. For information concerning the process for seeking removal from an OFAC list, including the SDN List, please refer to OFAC’s Frequently Asked Question 897 here. For detailed information on the process to submit a request for removal from an OFAC sanctions list, please click here. Click here for more information on the individuals and entities designated today. ### https://home.treasury.gov/news/press-releases/jy2067 3/3

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Treasury Sanctions Military Cronies and Companies in Burma Three Years after Military Coup

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Military Coup
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U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC)

Date Published: Feb 1, 2024

Abstract: WASHINGTON — Today, marking the three-year anniversary of the military coup in Burma, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating two entities closely associated with Burma’s military regime, as well as four cronies, pursuant to Executive Order (E.O.) 14014. OFAC has coordinated this sanctions action to include individuals and entities that were previously designated by Canada’ on October 31, 2023.

On February 1, 2021, Burma’s military forces overthrew the democratically elected government and removed the civilian government leaders from power. Over the past three years, the military has continuously used violence and terror to oppress the people of Burma and deny them the ability to freely choose their own leaders. Despite international pressure for the cessation of attacks in civilian areas, Burma’s military regime has continued to use its military aircraft to conduct aerial bombings. To carry out these attacks, Burma’s military has relied on a broad network of companies and individuals that provide material and financial support to the regime.

“Today’s action emphasizes our commitment to deprive Burma’s military regime of the resources it needs to conduct its attacks against its own people,” said Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson. “The United States, along with our allies and partners, will continue to hold accountable those who seek to profit from, and provide support for, the violent oppression of the people of Burma.”

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Treasury Sanctions Military Cronies and Companies in Burma Three Years after Military Coup _ U.S. Department of the Treasury.pdf
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Treasury Sanctions Military Cronies and Companies in Burma Three Years after Military Coup

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