OFAC, CANADA, THE UK (AND THE ISLE OF MAN) MAKE NEW BURMA/MYANMAR SANCTIONS DESIGNATIONS

UK AND ISLE OF MAN NOTIFIES THAT 2 INDIVIDUALS AND 2 ENTITIES ADDED TO MYANMAR SANCTIONS LISTS

On 31 January, the UK and the Isle of Man advised that WIN KYAW KYAW AUNG, ZAW MIN TUN, ASIA SUN TRADING COMPANY LIMITED and CARGO LINK COMPANY LIMITED have been added to the Myanmar sanctions lists.

https://www.gov.im/news/2023/jan/31/financial-sanctions-myanmar/

Meanwhile –

OFAC BURMA/MYANMAR SANCTIONS DESIGNATIONS

On 31 January, OFAC announced that 6 individuals and 3 entities had been added to its Myanmar sanctions lists.  These being connected to Burma’s military regime. OFAC notes that this action will occur in conjunction with actions taken by both the UK and Canada.

https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20230131

https://home.treasury.gov/news/press-releases/jy1233

CANADA LISTS 6 INDIVIDUALS IN THE MYANMAR MILITARY REGIME

On 31 January, Canada announced the adding of 6 individuals to its Myanmar sanctions lists (the same 6 listed by OFAC).

https://www.canada.ca/en/global-affairs/news/2023/01/backgrounder–additional-sanctions.html

https://www.canada.ca/en/global-affairs/news/2023/01/canada-imposes-sanctions-in-relation-to-the-2021-coup-detat-in-myanmar.html

https://www.europeansanctions.com/2023/01/uk-us-canada-impose-sanctions-to-mark-anniversary-of-myanmar-coup/