Sanctions, proliferation, money laundering, export and trade control news etc
REPORT: 12 MAJOR US TIMBER COMPANIES WHICH HAVE BEEN IMPORTING TEAK FROM MYANMAR SINCE THE START OF THE 2021 COUP
On 16 May, the Environmental Investigation Agency published this report saying that Myanmar is one of the world’s biggest producers of high-quality natural teak, prized for its water-resistant properties and highly prized for decking and fixtures on the superyachts of the wealthy. However, teak imports into US are prohibited by sanctions imposed in response to the violent military coup in Myanmar.
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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