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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 regime. The action also targets four individuals who are closely related to the regime through their business relationships and activities. OFAC’s actions against these companies and individuals further align our measures with those of partners and allies to disrupt the regime’s military supply chain and disrupt their ability to purchase foreign currency. Today, OFAC is designating Shwe Byain Phyu Group of Companies, Thein Win Zaw, and Myanma Five Star Line Company Limited, which are three targets previously designated by the Government of Canada on October 31, 2023. Shwe Byain Phyu Group of Companies (SBPG) is a Burmese holding company established by Thein Win Zaw in 2000. Since its establishment, SBPG has developed a historic relationship with Burma’s military to import and distribute petroleum , including on behalf of MEHL. SBPG operates at least nine subsidiaries that are involved in petroleum, manufacturing, and logistics activities. SBPG, through its subsidiaries, has developed a profit-sharing partnership with MEHL for and the import and distribution of fuel. SBPG is designated pursuant to E.O. 14014 for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of MEHL. Thein Win Zaw is a Burmese national and is the chairman, founder, and owner of SBPG. He has provided fuel to Burma’s navy while using his companies to import petroleum and share profits with MEHL. Thein Win Zaw is designated pursuant to E.O. 14014 for being, or having been, a leader or official of SBPG, an entity whose property and interests in property are blocked as a result of activities related to the leader’s or official’s tenure. Tin Latt Min is a Burmese national that owns or controls, alongside her husband Thein Win Zaw and their adult children Theint Win Htet and Win Paing Kyaw, various companies that are closely related to the regime. Tin Latt Min, Theint Win Htet, and Win Paing Kyaw are designated pursuant to E.O. 14014 for being a spouse or adult child of Thein Win Zaw, a person whose property and interests in property are blocked under E.O. 14014. Thein Win Zaw and his above family members own at least 20 companies in various sectors of the Burmese economy and are also closely associated with the regime. Myanma Five Star Line Company Limited is a Burmese shipping company owned by MEHL that has facilitated its access to foreign currency. Additionally, Myanma Five Star Line Company Limited is a shipping agent for the OFAC-designated Directorate of Defense https://home.treasury.gov/news/press-releases/jy2067 2/3

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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

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