US SANCTIONS: ADDED BURMA/MYANMAR-RELATED DESIGNATIONS; IRAN-RELATED AND NON-PROLIFERATION DESIGNATIONS REMOVED

On 2 July, a news release from OFAC advised that 22 new individuals had been added to the Burmese/Myanmar sanctions lists.  The same news release advised that 4 Iran-linked names had been removed from sanctions lists.

At the same time, the Department of Commerce’s Bureau of Industry and Security (BIS) has also added the following entities that have provided support to the Myanmar military to its Entity List, which imposes export licensing restrictions: King Royal Technologies Co., Ltd; Wanbao Mining; Myanmar Wanbao Mining Copper, Ltd.; Myanmar Yang Tse Copper, Ltd

https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20210702

https://home.treasury.gov/news/press-releases/jy0260

https://www.commerce.gov/news/press-releases/2021/07/commerce-increases-restrictions-burmese-military-adding-four-entities

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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